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29 March 2024

SCA grants margin trading permit to Mawarid unit

Published
By Wam

UAE's Securities and Commodities Authority ( SCA ) has granted Al Jazeera Financial Services, a leading brokerage company and a subsidiary of Mawarid Finance, a margin trading permit.

Commenting on this accreditation Mohamed Al Nuaimi, CEO, Mawarid Finance and Chairman of Al Jazeera Financial Services said, "We are delighted to be one of the few local companies which provide margin trading facility. This will enhance the company's operations and offer added value to its customers who will be able to receive finance for their trading under the margin account and therefore will increase their trading volumes and profits."

Al Nuaimi added, "Al Jazeera Financial Services has recently appointed new top management team with high qualification and broad experience in the industry who are expected to bring more success to the company".