Menacorp, a leading UAE-based financial services firm, has been ranked Number 1 in Dubai Financial Market’s (DFM) list of top stock brokerage firms in terms of market share for the decade covering January 1, 2011 to December 31, 2020. The top ranking, which was taken from official data published by DFM post December 2020 results, proves to be a major achievement for Menacorp, considering that the company was initially in competition with more than70 other institutions.
Fathi Ben Grira, CEO, Menacorp, said, “This is a proud moment for everyone who is associated with Menacorp. With the largest combined market share in terms of trade value over the decade, Menacorp has been able to outperform a wide and diverse range of competitors, including firms owned by UAE commercial banks as well as regional and local financial services groups.”
Ben Grira added, “Our company was able to consolidate its leading position throughout different cycles- showing its ability to be a top performer and resilient organization. This long-term achievement has been made possible thanks to the high level of trust and confidence placed in us by our clients, the unwavering support of our shareholders and the entire dedication of our employees.”
“We are now entering a new year and a new decade, and we are confident that our clients will keep Menacorp as their stock brokerage firm of choice for their trading needs not only on the DFM and other UAE markets such as the Abu Dhabi Securities Exchange and the Nasdaq Dubai but also for international markets, notably US markets where our online trading offering has proven to be widely popular since the beginning of the pandemic,” concluded Ben Grira.