Ubhar Capital announces its appointment as a liquidity provider for “Abraj Energy Services”, listed on the Muscat Stock Exchange after obtaining the necessary approvals from the regulatory authorities.
Ubhar Capital is the largest and most diversified financial services provider in the Sultanate of Oman with more than thirty partnerships in the countries of the region and twenty other business relationships across more than dozens of countries. Ubhar Capital was the first company to obtain a license to practice market making & liquidity providing activity in the Muscat Securities Market. The company has the necessary technical and administrative capabilities to provide the service.
Ubhar Capital will commence operation by trading in the shares of Abraj Energy Services on 03 March 2024 independently, within specific controls and standards according to the requirements of the regulatory authorities. The liquidity provider is appointed to enhance liquidity on the shares of listed companies and meet their needs through the trading mechanism to reduce the discrepancy between the bid and ask prices, and work to raise the daily trading volume and reduce price fluctuations, which reduces the risk of weak liquidity on the listed shares.