National Investor Number
The National Investor Number (NIN) is a unique number given to you as an investor. It identifies your account at the clearing and Depository System (CDS) with the market which holds all investor shares. The National Investor Number is used to transfer shares to and from your account each time you buy or sell shares. When you open an account with a broker you will need to provide your NIN so that future transactions in your account can automatically be settled immediately after the trade is done.
How Do I Obtain an Investor Number?
You can visit the markets directly and obtain an investor number by completing the application form and submitting all the relevant documentation or alternatively, you can submit the application and documentation at any of the Mashreq Securities branches in person or via fax.
What Documents Do I Have to Present?
The documents required for the Investor number include:
- Application form (Note: Mobile number has to be mentioned)
- Investor signature
- Client authorization for Investor number collection
- Passport copy with Valid residence visa (Verified & stamped by Mashreq Securities in original) Note: For U.A.E. Nationals, Khulasat-al-Quaid is also required.
- In case of a representative: a copy of the Power Of Attorney authenticated by a notary public in addition to the agent’s passport copy.
- In case of Minor Investors (below 21) whose guardians are not the fathers: a copy of the custody docs should be authenticated by a notary public along with a copy of the guardian passport.
Turnaround Time
At Mashreq we focus on improving the turnaround times (TAT) for our clients, Our TATs for this service are below
TAT for applying for an Investor no at the market: Immediately
TAT for applying for an DFM Investor no thru MS: 1 Working Day
TAT for applying for an ADX Investor no thru MS: 2 Working Days