“Dubai Investments” appoints “X-Dice” as liquidity supplier for its shares in “Dubai Monetary”

Dubai Funding Firm, listed on the Dubai Monetary Market, introduced the appointment of X-Dice, a Dubai-based firm specializing within the provision of brokerage and market-making companies, as a liquidity supplier for the Its shares are listed on the Dubai Monetary Market.

Beneath the phrases of the one-year settlement, X-Dice will independently commerce Dubai Investments shares ranging from June 11, 2024, and enter every day two-way worth provides into the market buying and selling system inside the specified and agreed parameters, and in accordance with… Dubai Monetary Market Guidelines and Legal guidelines and Securities and Commodities Authority, noting that each one crucial regulatory approvals have been obtained from the competent authorities.

Dubai Investments Vice Chairman and Chief Govt Officer, Khalid bin Kalban, mentioned: “The strategic choice to nominate X-Dice as a liquidity supplier confirms Dubai Investments’ full dedication to rising shareholder worth by enhancing liquidity, which can straight profit shareholders. ” Dubai Investments shareholders, by facilitating short-term buying and selling and selling greater share valuation in the long run.

For his half, the CEO of X-Dice, Saad Chalabi, mentioned: “We’re grateful for the belief that Dubai Investments has positioned in X-Dice, and our intention is to learn from our know-how and our expertise within the native markets to enhance the liquidity of Dubai Investments shares.” Declaring that this could help traders when buying and selling in Dubai Investments shares, by lowering the variations between provide and demand, and lowering undesirable fluctuations as a consequence of liquidity.