ABU DHABI (ALETIHAD)

Emirates NBD has secured approval to become the first General Clearing Member (GCM) for UAE equity markets through the Abu Dhabi Securities Exchange (ADX), marking a significant milestone in the country’s capital market infrastructure.

The new status will allow Emirates NBD to provide trading members across the UAE with comprehensive clearing services, enhanced tools, products, and access to credit facilities aimed at reducing operational complexities and improving cost efficiencies. The move is expected to bolster the UAE’s dynamic stock markets by expanding clearing capacity and broadening investment options for market participants.

Hessa Al Mulla, General Manager of Emirates NBD Securities, said: “It is a pivotal moment for Emirates NBD to become first General Clearing Member through ADX. This milestone positions us at the forefront of market innovation at a time when the UAE equity market has been attracting substantial and growing investor interest. Our new ADX general clearing membership will open up this opportunity to Emirates NBD's global network of clients.”

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: “We are delighted to welcome Emirates NBD Securities as the first General Clearing Member (GCM) on ADX. A key milestone that strengthens our post-trade infrastructure and improves access for investors. This step supports our ongoing efforts to enhance market efficiency, broaden participation and aligns with international best practices.”