Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial group, announced today that ADIB Securities, its brokerage subsidiary, was ranked number one brokerage firm among UAE brokerage firms in terms of market share according to official data released by the Dubai Financial Market and the Abu Dhabi Stock Exchange.
In 2011, ADIB Securities combined market share was 8.6% up from 5.5% in 2010, a 56% increase, despite a negative market sentiment and a 45% decline in trading volumes across UAE markets. In January 2012 ADIB Securities remained a market leader with a 10.5% market share.
Khaled Kurdieh, General Manager of ADIB Securities, said: “ADIB Securities has been able to increase market share in the UAE despite a challenging environment as its focus has been on client retention and acquisition with an even greater emphasis on service quality. We were able to post profits throughout the year despite thin volumes and general uncertainty in the markets.”
ADIB Securities has earned the trust of its customers and partners over the years through transparency, service quality and advanced technology. Its best-in-class online e-trading platform, launched last year, provides an autonomous and interactive online experience which enables customers to build their portfolios at their own pace and according to their financial goals.
Founded on a simple but important principle - to lead by example as a Shari’a compliant brokerage platform – ADIB Securities aims to best serve and meet investors’ financial needs and objectives.