Family Transfers: (immediate family relation; marital partner, parent, child, sisters, brothers or grandparent) Step 1 :
Updated Investor Number in DFM for both Transferor & Transferee:
A. Click here
to print the Investor Number application.
B. Verify the signature through one of the below options:
C. Personal presence at DFM or provide original passport signed by the Investor.
D. An accredited bank or a licensed brokerage firm at DFM. Step 2 :
Attach supporting documents for both Transferor & Transferee:
A. Valid Passport Copy.
B. Valid copy of Family Book /Marsoom for UAE Nationals.
C. Valid copy of National Id for UAE Nationals & Residence.
D. Valid copy of Residential Visa for UAE Residence.
E. Copy of marriage or birth certificate to ascertain the relevance of kinship (for NON-UAE Nationals). Marriage certificates outside UAE must be authenticated by the official authorities and the UAE embassy in those countries.Step 3
: Ensure that the transferred shares are available in the CSD account of the Transferor:
A. If not available, transferor must request broker to transfer the shares from broker account to CSD account. Step 4:
Fill in the "Transfers Form"
to be duly signed by the Transferor & Transferee:
A. Click here
to print the Transfers application.
Plus specific documentation depending on: If a Representative:
If a Minor (below 21 years):
- A true copy of a duly authenticated and valid Power of Attorney must be provided, with a copy of representative’s ID. Representative must be fully authorized to transfer securities.
- A Power of Attorney issued from other countries must be authenticated by the official authorities and the UAE embassy in those countries.
Step 5 :
- The signature of the guardian (the Father) is necessary on the application.
- In the case of a guardian other than the Father, a true copy of guardianship order issued by the court shall be provided. Guardian must be fully authorized to transfer securities.
Transfer Fees from Transferee:
A. (Number of Shares*Closing Price*0.002) , minimum 25 AED.
B. Method of payment:
Cash/Cheque to Dubai Financial Market
Bank Transfer (Deposit Slip Required): Bank Name: Emirates NBD, Account Name: Dubai Financial Market,
iBAN AE370260000412063720929. Step 6: Click here to view the Fees