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Dubai Financial Market (DFM) received a high-level delegation of the board of directors and senior executives from the Nigerian Central Securities Clearing System Plc. The delegates explored potential areas of cooperation and were briefed by senior DFM officials on Dubai’s leading position as a dynamic capital markets hub as well as DFM’s active role in reinforcing this position.
The Nigerian delegates attended presentations about DFM and structure of the capital markets sector in the United Arab Emirates, DFM’s world-class infrastructure (Operations- Market Surveillance- Brokers Affairs) and DFM’s successes in implementing best practices of Clearing, Settlement and Depository (CSD). The presentations also included DFM’s role in promoting IPOs and best practices of Investor Relations as well as DFM’s cutting-edge financial services provided to various market participants.
The delegates expressed interest in exploring the possibility of benefiting from Dubai’s experiences in implementing international best practices of trading and CSD, as the market maintains world-class infrastructure and regulations that played a critical role in UAE’s classification as an Emerging Market.
Maryam Fekri, Chief Operating Officer and Head of Clearing, Settlement and Depository Division (CSD) of DFM said, “DFM is delighted to welcome the visiting delegation, as we are always keen to develop close relationships with other countries and contribute to their development and growth through sharing Dubai’s experiences and successes in various sectors, with the financial sector at the forefront. The visit represented a great opportunity to update the delegation on DFM’s superb experiences and leading initiatives that are widely welcomed by various participants in addition to shedding light on the sound economic fundamentals in Dubai and the role of the emirate as a global financial hub and a gateway to the Middle East markets.”
