MENACORP launches new Abu Dhabi Securities Exchange offices to help energize local stock market
Presence to expand industry-leading brokerage firm’s execution capabilities, strengthen client ties
MENACORP, the UAE’s leading investment bank, has yesterday (Sunday, January 19, 2014) unveiled its new offices at the Trading Floor of the Abu Dhabi Securities Exchange (ADX) at Al Gaith Tower, Abu Dhabi. The ADX presence will enable MENACORP to play an active role in energizing the UAE Capital’s stock market while drawing the brokerage firm closer to its customers.
Among the high-profile figures present during the ribbon-cutting ceremony were ADX officials Ghanem Hamad AlDhaheri (Deputy Chief Executive Officer for Operations Affairs), Mohammad Hareb Al Muhairi (Head, Clearing Settlement, Depositary & Registry Dept.), Abdulla Salim Mohamed Al Nuaimi (Manager, Market Surveillance Section) and MENACORP officials Hamad Ghanem Bin Hamoodah (Chairman), Khaled Ghanem Bin Hamoodah (Board Member), Khalifa Faraj Bin Hamoodah (representing shareholders), Moncef Ben Hamida (General Manager, Bin Hamoodah Company), Fathi Ben Grira (CEO), Petr Molik (CFO), and Nabil Al Rantisi (Managing Director – Brokerage).
The new offices’ Customer Service and Trading Desk will expand MENACORP’s execution capabilities within the UAE equity markets while supporting the ambitious growth plans of ADX. It will complement activities at MENACORP’s local headquarters in Khalifa Street. The brokerage also has a branch in Dubai Financial Market.
Hamad Ghanem Bin Hamoodah said: “The financial services industry shall play a major role in the diversification of UAE’s economy. In Abu Dhabi, the ADX is the cornerstone of such diversification thanks to its dynamism and continuous innovation. As the leading financial services firm of the country it is our responsibility to play our part as well. By having offices directly located on the ADX trading floor we can significantly enhance the services rendered to investors and reinforce the renewed trust they have on the UAE markets.”MENACORP is an award-winning investment bank that aims to emerge as a premier financial services group for the MENA markets. Guided by its philosophy of ‘Values Creating Value,’ MENACORP’s business lines include Investment Banking, Securities Brokerage, Asset Management, Financial Research, and Shariah-compliant Financial Solutions.
MENACORP is an Abu Dhabi -based award-winning investment bank authorized and regulated by the UAE’s Securities and Commodities Authority and the Dubai Financial Services Authority. Its extensive expertise covers financial advisory, brokerage, asset management and financial research provided across the Middle East and North Africa (MENA) region. MENACORP is backed by one of the largest and most diversified Emirati conglomerates, the Bin Hamoodah Group – the company’s main shareholder.