What is the omnibus structure?

The omnibus structure was introduced to enhance market access whereby a regulated entity like xCube can open a unified account to hold and trade securities on behalf of numerous beneficial owners through a single investor number. The omnibus structure has been approved by both the Securities and Commodities Authority and the Dubai Financial Market, which means that it meets all relevant regulatory requirements and standards. With the omnibus account structure, xCube will act as the holder of the shares, while the trader/investor will be the beneficial owner.