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Thursday, 25 July 2019

FRA awards Premiere Securities short selling license

The Financial Regulatory Authority has granted Premiere Securities a short selling license, the local press reported. The company joins a growing list of brokerages authorized to short sell — including Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, and HC Securities. Short selling transactions are expected to begin in 3Q2019, FRA deputy head Khaled El Nashar said earlier this month.

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