Details
Transfer shares between omnibus account with No Change in Beneficial Owner
Fees
AED 50 per symbol + VAT 5%
Procedures
Issue an investor under the Omnibus client type
- Fill and sign the Transfer of securities form
- Choose the required transfer type
- Add the required securities to be moved
- Ensure that the Investor Number in DFM for both the Transferor & Transferee are updated
- Ensure that the payment method is updated for both the Transferor & Transferee
- Ensure that the transferred shares are available in the CSD account of the Transferor
Required Documents
- Completed a transfer of securities form and duly signed by the Authorized signatory
How to Apply
- Licensed Trading Member at Dubai Financial Market
- Custodian