Dubai Financial Market introduces Omnibus Accounts structure for diversified investment opportunities

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The Dubai Financial Market (DFM) has introduced the Omnibus Accounts structure to allow eligible investors to access investment opportunities for the benefit of multiple beneficiary owners. Regulated entities can now hold and trade securities on behalf of numerous beneficial owners through a single investor number. The availability of Omnibus Accounts enhances international investors’ access to diversified investment opportunities and meets the market accessibility and market quality requirements of various international index providers. The Dubai Central Securities Depository (Dubai CSD) has issued the rules for the accounts, which took effect on March 29, and has launched a registration process for interested eligible investors. This move is a significant milestone in developing the capital markets of Dubai and provides operational and cost efficiencies for asset management companies.

 In other news, the DFM announced a 41.7% rise in net profit, with revenues up by 19% in 2022 compared to the previous year, with foreign investors contributing 48.7% of trading activity. The DFM also attracted over one million investors from 212 nationalities.