In April Equities First Holdings got approved by the Dubai Financial Market to Repurchase and Repo transactions. This gives Equities First Holdings the ablity to Repo services in the market. Services such as these will only be provided with the regulations of the DFM with Securities and Commodities Authority. This deal is major, this is saying that people will not have to lose the chance to be successful and grow their businesses in exchange for financial backing.
Dubai Financial Marketing’s Chief Operating Officer says that her company is happy to give EFH a license allowing them to Repo transactions. This move made DFM’s position in the Repo area stronger. The company continues to look for new opportunities to give to its investors that will follow the Dubai Financial Market strategy for 2021, and it makes them become even more of a diversified company in this business of finance.