ABU DHABI: MAC Sharaf Securities (U.A.E.) LLC has officially opened its Abu Dhabi office, and been granted a commercial license from the Abu Dhabi Department of Planning & Economy.  This new office extends the reach of MAC Sharaf from its head office in Dubai to include the Emirate of Abu Dhabi, the U.A.E.’s capital.

MAC Sharaf has operated as a securities brokerage on the Dubai Financial Market (‘DFM’) since 28th February 2007, the Abu Dhabi Securities Exchange (ADX) since late September 2007 and the NASDAQ Dubai since October 2007. It offers its clients access to all three stock markets in the U.A.E. from one common platform and a single brokerage account. MAC Capital Limited, its DIFC registered affiliate, also is able to execute brokerage trades in 35 other countries.

MAC Sharaf is a joint venture between the Sharaf Group, Mohammed Abdul Rahim Al Ali and Hong Kong based, MAC Group. Seven international brokers, private bankers and corporate advisors, based in London, Tokyo, Paris, Hong Kong, Geneva, Australia and Bangkok are also shareholders of MAC Capital and will all support the growth of MAC Sharaf in its further expansion within the United Arab Emirates.

“Since we established our first office in Dubai, our business has expanded rapidly.” said Robert W. McMillen, MAC Sharaf’s Vice Chairman and founder of MAC Capital.  “The demand fro U.A.E. Stocks from Abu Dhabi has been too large to ignore. As a consequence, we have now established a presence here to be closer to our clients.”

Dubai Location and Contacts:
MAC Sharaf’s Head Office is at Suite 134 Building, Gold and Diamond Park, Interchange 4, Sheikh Zayed Road, P.O. Box 122723, Dubai, U.A.E. and the Company’s principal contact numbers are:

Sales Tel: +971-4-409 7100
Research Tel: +971-4-409 7140

Abu Dhabi Location and Contacts:

Electra Street, Opp ADCB Bank
Abu Dhabi

For further information on MAC Sharaf, please visit its website at www.mac-sharaf.com