Emirates NBD signs Naeem shares for clearing

Dubai: Emirates NBD said on Wednesday it will provide clearing services to UAE-based Naeem Shares and Bonds.

Emirates NBD is the first UAE-based financial services entity to be approved by SCA (Securities and Commodities Authority) as a General Clearing Member providing clearing and settlement services to trading participants of the UAE’s equity markets.

“Naeem Shares and Bonds joins our prestigious portfolio of customers within the UAE equity market, underlining the strong value proposition Emirates NBD brings to the UAE’s capital markets,” said Dr. Tariq Bin Hendi, executive vice president and head of Products & Advisory for Retail Banking & Wealth Management, Emirates NBD Group.