2014-01-07 09:39:37 - Investment bank bests 49 competitors for full year, according to Dubai Financial Market & Abu Dhabi Securities Exchange reports
January 7, 2014
MENACORP, the UAE’s leading investment bank, has been ranked the number one brokerage house in the UAE by trade value for 2013, according to official data published by the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) on January 2, 2014.
The award-winning investment entity bested 49 competitors at the DFM and ADX exchanges for the entire year, consistently delivering industry-leading services behind its philosophy of ‘Values Creating Value.’ As one of the few UAE-based brokers authorized by the Securities and Commodities Authority to offer Margin Trading and access to regional and international markets, MENACORP performed exceptionally well in 2013 through an ambitious expansion drive that saw the gathering of 40 brokers to form the
largest sales force in the MENA region.
Fathi Ben Grira, CEO, MENACORP said: “Being formally recognized as the leading financial services firm on UAE markets by the DFM and the ADX is a great honor for all our team. On a day-to-day basis and in our long term plans, we are driven by the ambition of providing the best quality of service to our clients. We believe that putting our clients at the center of our preoccupation is the winning formula for our success. This is particularly the case on the Dubai Financial Market where the gap between the first, us, and the second brokerage firm crossed 7 billion AED in terms of trading value, which is the largest difference between two firms since the creation of the DFM”.
MENACORP is based in Abu Dhabi with a secondary office in Dubai. The premier financial services group for the MENA markets offers Investment Banking, Securities Brokerage, Asset Management, Financial Research, and Shariah-compliant Financial Solutions. It is authorized and regulated by both the Emirates Securities and Commodities Authority and the Dubai Financial Services Authority. MENACORP is chaired by Mr. Hamad Ghanem Bin Hamoodah and is fully owned by the prestigious Abu Dhabi –based conglomerate Bin Hamoodah Group.