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 a 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:
- Equities First Holdings, LLC (EFH)
Repo Statistics
#
Name of Symbol
Repo Quantity
Transaction Date
1
Islamic Arab Insurance Company (SALAMA)
15,000,000
23/06/2019
Islamic Arab Insurance Company (SALAMA)
17,000,000
22/05/2019
2
Drake & Scull International (DSI)
22,500,000
10/06/2018
Drake & Scull International (DSI)
22,500,000
07/06/2018
3
Gulf Navigation Holding PJSC (GULFNAV)
10,000,000
30/03/2021
Gulf Navigation Holding PJSC (GULFNAV)
3,000,000
10/06/2018
Gulf Navigation Holding PJSC (GULFNAV)
3,000,000
07/06/2018
Gulf Navigation Holding PJSC (GULFNAV)
2,500,000
05/04/2024
Gulf Navigation Holding PJSC (GULFNAV)
2,500,000
24/04/2024
Gulf Navigation Holding PJSC (GULFNAV)
2,500,000
07/05/2024
Gulf Navigation Holding PJSC (GULFNAV)
2,500,000
17/05/2024
Gulf Navigation Holding PJSC (GULFNAV)
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
1
Guif 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