Mubasher voted 'Best Equities Broker' during Banker Middle East Product Awards 2009

Mubasher revealed that its superior service offerings, strong customer relationship management and robust technology platform have been largely responsible in securing the award over a selection of the best regional stock brokers.

A panel of judges from various rating agencies, central banks, banking consultants and regulators was tapped to determine the finalists for each of the 27 categories of the Banker Middle East Product Awards, while registered users of the organising CPI Financial consisting of C-level management within financial institutions across the Mena voted for the winners. Although it was the first time for the company to participate in such an event, Mubasher revealed that it had been confident of winning the coveted top honours in view of its excellent track record in the past year, which included being ranked as the number one broker in terms of executed trades as reported on the DFM site.

Hisham Abulola, Managing Director, Mubasher Financial Group, said:

"This award underscores the huge success of Mubasher's regional trading platform and the strategic advantage of being the pioneering company to offer a secure and direct access to all markets in the region. In addition, Mubasher's core strengths as a technology leader and a company with world-class financial expertise have enabled us to be more flexible and responsive in meeting the requirements of our customers and in helping them generate more investment and business opportunities in the region. We consider this award as a tribute to Mubasher's contributions to the development of the regional markets, and a valuable recognition of the hard work exerted by the professionals working at Mubasher."

"Throughout the three years of our operations in the UAE, we have continuously invested in educating the markets and providing them with sophisticated and advanced tools to invest. This recognition from the Banker Middle East Product Awards 2009 will certainly reassure our clients that we remain fully committed to achieve excellence in the delivery of superior services and solutions for their evolving needs," added Abulola.

Since November 2008, Mubasher has been ranked by Dubai Financial Market as the number one broker in terms of executed trades. Another key milestone by Mubasher is being the first broker to introduce online trading in the UAE through its superior and industry standard platforms, while it is also the only broker that offers online execution in all GCC markets.

"With the abundance of financial institutions and especially during a period of economic downturn, it is very important to distinguish the companies that are still making a positive difference and are able to innovate. As such, the Banker Middle East Product Awards will serve as an ideal platform to help market players identify the institutions that are truly capable of delivering quality services and solutions," concluded Abulola.

Mubasher's services and products, including its new facilities, are available throughout the Arab World, delivering real-time information and trading from Saudi Arabia, UAE, Bahrain, Egypt, Kuwait, Oman and Qatar as well as international capital markets.