A Repo, or 'Repurchase Agreement’, is a financial instrument in which a Repo buyer provides capital to a Repo seller collateralized by the seller’s securities. After a fixed period of time, the seller has the opportunity to repurchase the securities used as collateral from the buyer at a set price agreed upon at the beginning of the transaction. Dubai Clear will facilitate settlement of OTC Repo transactions in relation to DFM listed securities.
Benefits of Repo Transactions:
Creating value for investors in releasing values of their securities through an OTC Repo with a registered Repo buyer, which may then lead to further improvement in trading activity.
Enhance market liquidity, and offers opportunity to businesses and investors leverage their holdings,
Pre-requisites:
Service available to Repo buyers registered with Dubai Clear.
Who can register as Repo buyers:
Any UAE financial institutions (FIs) licensed by the UAE Central Bank.
Any foreign FIs licensed in a jurisdiction as a financial institution or institution permitted to lend monies, provided such institutions provide Dubai Clear a copy of notary public-certified true copy of regulatory confirmation document that the FI is a regulated entity to lend monies or is authorized to lend monies (The Original to be submitted to Dubai Clear Upon Request).
List of Registered Repo Buyers:
Repo Statistics
| # | Name of Symbol | Repo Quantity | Transaction Date |
| 1 | Islamic Arab Insurance Company (SALAMA) | 15,000,000 | 23/06/2019 |
| 17,000,000 | 22/05/2019 |
| 2 | Drake & Scull International (DSI) | 22,500,000 | 10/06/2018 |
| 22,500,000 | 07/06/2018 |
3 | Gulf Navigation Holding PJSC (GULFNAV) | 10,000,000 | 30/03/2021 |
| 3,000,000 | 10/06/2018 |
| 3,000,000 | 07/06/2018 |
| 2,500,000 | 05/04/2024 |
| 2,500,000 | 24/04/2024 |
| 2,500,000 | 07/05/2024 |
| 2,500.000 | 17/05/2024 |
| 10,000,000 | 29/05/2024 |
Repo Buy Back Statistics
| # | Name of Symbol | Repo Buy Back Quantity | Transaction Date |
| 1 | Islamic Arab Insurance Company (SALAMA) | 17,000,000 | 09/06/2021
|
| 2 | Gulf Navigation Holding PJSC (GULFNAV) | 5,000,000 | 01/05/2024 |
For more information on the Repo Procedures and Rules, please refer to the ‘Regulations, Policies & Procedures