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News

23 April 2020
ADX grants Al Ramz Short Margin Trading License

Abu Dhabi, 22nd April 2020: Abu Dhabi Securities Exchange (ADX), granted Al Ramz PJSC, a leading financial institution in the UAE, short-term margin license thus becoming one of the first financial institutions in the UAE to offer this offering to its customers.


 


H.E. Khalifa Al Mansouri, Chief Executive of Abu Dhabi Securities Exchange Company (ADX), said: “By granting short-term margin licenses to active investment companies in the region, ADX provides its business partners with the opportunity to enlarge the spectrum of investment offering proposed to their clients.  Such initiatives maintain and reinforce ADX’s competitive edge as the licenses will create long-term value to stakeholders while upholding the highest standards of services”.


 H.E. Al Mansouri added: “We recognize the challenging times the markets are currently facing.  To address investors’ concerns, answer their immediate needs and provide the highest support, ADX is introducing new products and services in support of the stimulus measures unveiled by the government to cushion the economic impact of the transition period we are experiencing”.


 


Mohammad Al Mortada Al Dandashi, Managing Director of Al Ramz PJSC, said: “We are delighted to expand our collaboration with ADX and extend our investment offering to our customers.  This achievement is a testament to our continued commitment to provide the highest standards of services by expanding our offering and enabling our customers to fulfill their investment objectives.”


Mr. Al Dandashi added: “this license allows Al Ramz to provide high leverage, up to five times the initial placed margin amount, to its customers to buy ADX listed securities for a specific short period”.


 

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