MENACORP, the UAE’s investment bank, received two major recognitions – ‘Best Securities Dealing Services’ and ‘Best Financial Research Firm’ – at the 2013 GCC Investment and Development Awards held recently by London-based World Finance Magazine, one of the financial industry’s most prestigious publications.
World Finance has been recognizing industry achievement, innovation and brilliance through its annual awards since 2007. A judging panel with a collective experience of 230 years of financial and business journalism picks out winners through the support of a research team and the key insights of readers.
In this year’s awards, MENACORP tied for the most number of awards won under its category in the company of other prominent winners such as the International Petroleum Investment Company, Kuwait Investment Company, Khalifa Port Abu Dhabi, and Saudi Industrial Development Company.
MENACORP CEO Fathi Ben Grira personally accepted the company’s two awards during a ceremony held at the London Stock Exchange in the presence of senior representatives of World Finance Magazine.
“It is indeed a great achievement for our team and for our shareholders of the Bin Hamoodah Group overall to be honored by a publication as prestigious as World Finance Magazine, and for two awards at the GCC level at that. This recognition is a testament to MENACORP’s emergence as a respected player within the regional financial services industry. It also reflects our successful realization of the visions of our Chairman, Mr. Hamad Ghanem Bin Hamoodah,” said Ben Grira.
MENACORP has consistently ranked first in terms of trade value on both the Dubai Financial Market and the Abu Dhabi Stock Exchange. It currently handles the largest team of brokers in the MENA region. The brokerage house is a preferred resource for daily technical analysis reports in both the English and Arabic languages on several listed companies.
For 2014, MENACORP plans to engage in several high-profile Initial Public Offerings (IPOs) across the UAE markets and continue to provide critical research support for clients.
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