Mashreq Securities Launches third VIP Trading Lounge

Published March 20th, 2007 - 02:53 GMT
Al Bawaba
Al Bawaba

Mashreq Securities L.L.C has launched its third VIP lounge for investors to trade in the UAE’s stock markets. The new brokerage lounge was inaugurated by H. H. Sheikh Tareq Bin Faisal Al Qassimi, Chairman of Emirates Investment Group along with top Mashreqbank officials. It’s located in the second floor of Mashreqbank building in Buheira, Sharjah.

H. H. Sheikh Tarek commented: “Sharjah is undergoing a great economical boom in many sectors such as the financial, banking and trade industries. This boom is driving more huge corporations and banks, like Mashreq Bank, to expand their network in Sharjah”.

Nabeel Waheed, Head of Treasury and Capital Market, Mashreqbank said: “The Sharjah VIP lounge comes as an important milestone after the opening of our two lounges in Dubai and Abu Dhabi. Mashreq Securities is committed to provide institutional, corporate and high net-worth investors with a comfortable and efficient environment to transact on the UAE stock markets”.

Commenting on the stock market trading, H. H. Sheikh Tarek commented: “The UAE Securities and Commodities Authority opened stock market trade for investors through specialized brokerage companies in a healthy and monitored environment. This gave investors in the UAE the comfort and trust to trade and the brokerage companies to invest in advanced services”

The Mashreq Securities branch in Sharjah will be open for VIP investors from 8:00am to 4:30pm, Sunday through Thursday. It is fully manned with experienced brokers that 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.

“We will provide the highest level of services to our guests who will choose to trade in our VIP lounges and we believe that this lounge will be a local stock trading hub for investors in Sharjah and the Northern Emirates. We want to be closer to our clients and provide them with a tranquil environment where investors can trade in person in a comfortable and efficient environment,” said Khaled Kurdieh, General Manager of Mashreq Securities.

At the end, H. H. Sheikh Tarek pointed the importance of Sharjah’s advanced infrastructure and modernized systems with cutting edge technologies that allow big corporations such as Mashreq Bank to come and offer such services.

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