Mashreq Securities L.L.C yesterday (13/09/06) launched a dedicated lounge for trading in UAE stock markets located on Salam Street in Abu Dhabi, on the mezzanine floor of the new Al Khaily building. The new brokerage lounge was officially inaugurated by Mashreqbank’s Chairman Abdullah Al Ghurair.
Al Ghurair said the bank plans to launch more VIP trading lounges in prime locations across the UAE before the end of the year as part of Mashreq Securities’ ambitious expansion plans. These plans include expanding operations to exploit brokerage opportunities across Middle East and North Africa regions, as well as leading global capital markets.
The Mashreq Securities Branch will be open for investors from 8:30am to 4pm, Saturday thru 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.
Also, the facility hosts a dedicated corporate desk that acts as a single point of contact for all corporate clients’ queries. The lounge has several private cabins for selected clients as a trading workplace station with access to the building’s covered parking.
“These new high street lounges will enable our institutional and high net-worth investors to make trades in a comfortable and efficient environment rather than having to visit the often overcrowded markets themselves; we will provide the highest level of services to our guests who will choose to trade in our lounges,” said Nabeel Waheed, Head of Treasury and Capital Markets – Mashreqbank.
The elegantly decorated facility covers 700 square metres and offers a mixture of office and comfortable lounge furniture. A Wall Street-style ticker tape and 10 plasma screens displaying the latest stock prices while additional TV screens broadcasting breaking business news. Twenty nine PCs are provided to allow clients to execute on-line trades and monitor international stock prices, as well as conducting their own research and general browsing.
Mr. Waheed said that Mashreq Securities is attracting the best resources in terms of people, infrastructure and IT in order to provide a seamless service to our VIP clients. It has also launched an advance research service that will provide customers with a continuously updated market commentary. The service will include equity analysis, strategies on how to allocate and diversify assets and information on micro and macro economic trends, including the performance of market leading companies.
Mashreq Securities offers clients with access to a Call Centre to handle customer enquiries in addition to a unique, dedicated hot line for investors to execute trades as well as online trading.
Mashreq Securities L.L.C is a wholly owned subsidiary by Mashreqbank and is licensed in both DFM and ADSM.
