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Repurchase Agreement (Repo)

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

  1. Service available to Repo buyers registered with Dubai Clear.
  2. 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