Mashreq Securities launches second VIP trading lounge

The new facility was opened by the Director General of the Dubai Financial Market Essa Kazim along with Abdul Aziz Al Ghurair, CEO of Mashreqbank.

Abdul Aziz Al Ghurair said: "The DIC VIP lounge comes as an important milestone after the opening of our first lounge in Abu Dhabi. Mashreq Securities plans to open a third lounge in Sharjah before year end, to provide institutional, corporate and high net-worth investors with a comfortable and efficient environment to transact on the UAE stock markets".

The Mashreq Securities branch in DIC will be open for investors from 8:30am to 4pm, Sunday through Thursday. Its fully manned experienced brokers will assist investors in placing trades in the UAE stock markets. Investors can place their orders in person, by dedicated phone lines or by accessing their account via the Internet, by using dedicated PCs and internet kiosks provided for them.

"With the existing infrastructure and the new developments currently undergoing in DIC; we believe that this lounge will be a local stock trading hub for investors. We want to be closer to our clients and provide them with a tranquil environment where investors can trade in person and avoid the congested commute to the city,"

said Mr. Nabeel Waheed Head of Treasury and Capital Markets in Mashreqbank.

"This is one of our initiatives to drive Mashreq Securities into the next level of providing investors with brokerage services across the GCC, MENA and major global capital markets". Added Mr. Waheed

The 700 square meters trading lounge at DIC is also equipped with the latest and most advanced information display units providing the latest stock prices and breaking business news.

The lounge has six built-in private cabins for selected clients as a personal trading station to ensure utmost privacy and comfort.

Among its value added services, Mashreq Securities has launched an advance research service that will provide customers with a continuously updated market commentary. This service will include both technical and fundamental equity analysis.

Mashreq Securities L.L.C is a wholly owned subsidiary by Mashreqbank and is licensed in both DFM and ADSM.