Emirates NBD Signs with Amwal Brokerage for General Clearing Member Services

Emirates NBD, a leading bank in the region, announced that UAE-based Amwal Brokerage has subscribed as trading member to get the bank's settlement and clearing services.

Adhering to authorization by 'SCA - Stocks and Commodities Authority as a General Clearing Member, Emirates NBD has included several clients to its expanding profile making it the marketplace leader in giving cleaning and negotiation services to trading individuals of the UAE's equity markets.

"We are delighted to have been picked by Amwal Brokerage to give a variety of tools and solutions to improve their operational efficiency. As we continue to boost our offering to trading members in order to help them decrease financial and functional commitments, we waiting to onboarding much more members in the future," said Tariq Bin Hendi, Executive Vice President and Head of Wealth Products & Advisory for Retail Banking & Wealth Management, Emirates NBD Group.

Saif Sultan Abdulla Al-Salami, Chairman at Amwal Brokerage, said: "We are pleased to partner with Emirates NBD, the UAE's first authorised General Cleansing Member, to give us getting rid of and negotiation solutions as we aim to reinforce our trading. Our partnership is lined up to our continual endeavour to supply customers with superior services that fulfill the highest possible requirements of efficiency and transparency.

"We would also want to say thanks to the Stocks and Commodities Authority for their continual efforts in the direction of boosting the overall legislative and regulatory framework of economic markets, which will potentially contribute to an upgrade in the UAE's category to an established market in the future," included Al-Salami.

Seen right here in the picture are Saif Sultan Abdulla Al-Salami, Chairman at Amwal Brokerage Firm, and Deeptha Premasinghe, Head, General Clearing Up Member Provider at Emirates NBD.