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[size=38]Securities Prepares To Establish “Al-Hafiz Al-Amin” Bank
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2022/04/16 | 10:08 AM
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2022/04/16 | 10:08 AM
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The Information/Baghdad…
The Securities Commission intends to establish the “Al-Hafiz Al-Amin” bank during the next phase to take over the investor’s shares and funds, while expressing its hope to launch the trading of shares via mobile phones.
The head of the authority, Hassan Al-Agaili, said in a statement reported by the newspaper “Al-Sabah” and seen by / the information /, that “this bank is one of the important tools to provide a state of stability and reassurance for investors in the stock market,” noting that “in all the stock exchanges of the world there is an institution that plays this role.” Pointing out that "the authority issued instructions (the Custodian of the Year) in 2012 and the purpose of it was to attract a financial institution, whether it is a bank or a company that undertakes these operations."
He added that "the issue of any institution addressing safe custody requires a set of requirements, perhaps some of them are related to logistical matters, some are related to expertise, and others are in the name and reputation of the institution. .
Al-Ugaili expressed his hope to "establish this project during the next two months to take over the preservation of the investor's shares and funds, and on the basis of his presence, trading is done through the transfer of funds and shares to be a place to save the shares and funds of investors." finished/25
The Securities Commission intends to establish the “Al-Hafiz Al-Amin” bank during the next phase to take over the investor’s shares and funds, while expressing its hope to launch the trading of shares via mobile phones.
The head of the authority, Hassan Al-Agaili, said in a statement reported by the newspaper “Al-Sabah” and seen by / the information /, that “this bank is one of the important tools to provide a state of stability and reassurance for investors in the stock market,” noting that “in all the stock exchanges of the world there is an institution that plays this role.” Pointing out that "the authority issued instructions (the Custodian of the Year) in 2012 and the purpose of it was to attract a financial institution, whether it is a bank or a company that undertakes these operations."
He added that "the issue of any institution addressing safe custody requires a set of requirements, perhaps some of them are related to logistical matters, some are related to expertise, and others are in the name and reputation of the institution. .
Al-Ugaili expressed his hope to "establish this project during the next two months to take over the preservation of the investor's shares and funds, and on the basis of his presence, trading is done through the transfer of funds and shares to be a place to save the shares and funds of investors." finished/25
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