Menacorp, the UAE’s leading financial services firm, was conferred the prestigious ‘Best Brokerage House-Dubai’ for the second consecutive year by the Arab Federation of Exchanges (AFE) during the recently concluded ‘AFE Equities Summit 2015’ in Manama, Bahrain. The company’s representative, Fathi Ben Grira, Chief Executive Officer, accepted the recognition from Sheikh Khalifa Bin Ebrahim Al Khalifa, Chief Executive Officer of Bahrain Bourse, in a high-profile ceremony held at the Ritz-Carlton Hotel. The latest award is the result of the leading investment firm’s full commitment to provide top financial services to corporations, financial institutions, high net worth individuals, and government entities.



Some of the prominent figures from the Arab financial markets were in attendance during the summit that took place from April 22 to 23, 2015. Among them were Dr. Fadi Khalaf, Secretary General of the Arab Federation of Exchanges, Adel Saleh Al Ghamdi, Chief Executive Officer of the Saudi Stock Exchange, Rashed Al Baloushi Chief Executive Officer of the Abu Dhabi Securities Exchange, Hassan Al Serkal, Executive Vice-President and Chief Operation Officer of the Dubai Financial Market, Rashid Al Mansoori, Chief Executive Officer of Qatar Exchange, Khaled Zribi and Bilal Sahnoun, respectively Chairman and General Manager of the Tunis Stock Exchange, Karim Hajji, Chief Executive Officer of the Casablanca Stock Exchange, Ahmed Saleh Al Marhoon, Director General of Muscat Securities Market; and Jalil Tarif, Secretary General of the Union of Arab Securities Authorities. They also witnessed the awarding ceremony held during the event’s conclusion.

Other key financial officials who graced the conference were Meyer Frucher, Vice Chairman of the Nasdaq OMX Group; Deirdre Sommers, Chief Executive of the Irish Stock Exchange; and Sunil Benimadhu, Chief Executive of the Stock Exchange of Mauritius.

Fathi Ben Grira, Chief Executive Officer, Menacorp, said: “Our company is privileged to be chosen again as the ‘Best Brokerage House’ among the listed brokers at the Dubai Financial Market (DFM). Being the recipient of the recognition for the second straight year is a testament to how our relentless efforts to offer our world-class expertise are yielding significant results. The attribution of this award is purely based on objective criteria such as trade value and market share which makes it the real benchmark for our industry. We feel particularly honored that the Arab Federation of Exchanges and Thomson Reuters, along with the senior executives of the various exchanges of the Arab world recognized our leadership on the Dubai Financial Market. I extend my gratitude to all our team, led by Nabil Al Rantisi, our Managing Director Brokerage, who made this achievement possible.”

The investment firm is one of the few UAE-based brokers authorized by the Emirates Securities and Commodities Authority to offer Margin Trading and access to regional and international markets. It is backed by one of the largest and most diversified Emirati conglomerates, the Bin Hamoodah Group, the main shareholder of the company.

Under the patronage of H.E. Rashed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, ‘AFE Equities Summit 2015’ gathered top leaders from the Arab financial industry as well as regional and international experts to discuss current and future trends and significant opportunities and challenges in the regional equities market. World-class speakers, key panelists, and senior regional and international market experts were among the attendees who joined the event’s series of engaging panel discussions this year.


About Menacorp:

Menacorp is an award-winning financial services firm 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.


Source: Orient Planet PR and Marketing Communications