UAE - Methaq Takaful appoints BH Mubasher as liquidity provider
Friday, 11 13 2020, Category: Islamic Insurance, Country: U.A.E
BH Mubasher Financial Services was appointed as a liquidity provider for Methaq Takaful Insurance Company, upon the approval of the Abu Dhabi Securities Exchange (ADX).
Under the role of the liquidity provider, BH Mubasher is authorised to deal with an issuer of listed security to provide it with liquidity, according to a press release on Wednesday.
The Head of Cash Equity & Derivative Market Making at BH Mubasher, Galen Moore, said: "This will enable us to maintain tight spreads, increase trading volumes and lower volatility whilst enabling greater price discovery for investors."
It is noteworthy to mention that in September, Union Properties appointed BH Mubasher as a liquidity provider for its shares traded on the market after obtaining necessary approvals from the Dubai Financial Market (DFM).