Dubai Financial Market PJSC

The Dubai Financial Market (DFM) has released margin parameters effective from 11th March 2024 for various underlying symbols including AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The base margin percentage ranges from 5% to 16%, with the base margin per contract and spread margin per contract also specified for each symbol. The methodology for Margin calculation and types of Eligible Margin can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the DFM website. The information is subject to change and is not a substitute for the relevant DFM Regulated Derivative Contract Trading Regulation.

BHM Capital Financial Services PSC has postponed its General Assembly Meeting due to the absence of a quorum. The delay is necessary to complete the required legal documents for the registration and attendance of the main investor's representative. The second General Assembly Meeting has been rescheduled for March 11, 2024, at the same time and location as previously planned. The notice was submitted through the EFSAH system to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.

Dubai-based property developer, Binghatti Holding, has listed its debut Sukuk valued at USD 300 million on Nasdaq Dubai. This listing increases the exchange's total value of listed debt issuances to USD 131 billion. The Sukuk issuance, which matures in 2027, is significant in diversifying financing options for the real estate sector and is the first real estate benchmark USD-denominated Sukuk from the Middle East and North Africa (MENA) region in 2024. Fitch Ratings recently awarded Binghatti Holding a B+ credit rating with a positive outlook, indicating the company's financial strength and market confidence. The listing was over-subscribed by two times and competitively priced due to investor demand.