Broker EFG Hermes Scores A First On Dubai Financial Market
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
Allocation account enables firms to use a combined account with clearinghouse in order to execute buy and sell on behalf of clients
Dubai: The Dubai Financial Market (DFM) said on Monday that EFG Hermes Brokerage has become the first member to provide the Allocation Account Service to its client base.
The allocation account enables brokerage firms to use a combined account with the clearinghouse in order to execute buy and sell transactions of securities on behalf of their clients, provided that such transactions shall be allocated to the clients’ accounts during the allocation period within 45 minutes from the end of the trading session, the bourse said in a statement.
The DFM launched the new service to reinforce its business framework for the benefit of various participants including; issuers, investors and brokerage firms, the statement added.
Company Performance
{{-CLOSE}}
{{-CHANGE_POINTS}}
{{-CHANGE_PERCENT}}(%)
As on
M&A In The Middle East Surges 260% To $53bn As Dealmakers Drive Energy And Tech Expansion
Middle East M&A deal values jump 260% to $53bn in 2025, led by energy consolidation and fast-growing technology and... Read more
UAE To Apply Reverse VAT Charge On Scrap-metal Trading From January 2026
New Cabinet decision shifts VAT accounting to buyers in a move aimed at curbing fraud and strengthening tax compliance ... Read more
KKR Makes First Saudi Investment With Financing For Key Desalination Plant
The global investment firm KKR has partnered with ACWA Power to support long-term water security under Vision 2030 The ... Read more
UAE Announces Updated Excise Tax Rules
UAE issues Cabinet Resolution No. 198 of 2025 amending Excise Tax rules to improve compliance and enhance procedures Th... Read more
DIFC Joins Global Privacy Forum To Strengthen Cross-border Data Governance
Membership of the Global Cross-Border Privacy Rules Forum reinforces Dubai’s ambition to be a leading hub for the dig... Read more
Mubadala Completes Acquisition Of Service Logic In Partnership With Bain Capital
Service Logic is headquartered in Charlotte, North Carolina, and is a leader in comprehensive commercial HVAC and build... Read more