 |
PRESS RELEASE |
| FOR IMMEDIATE RELEASE | 1st
October, 2007 |
MAC SHARAF CAN NOW TRADE
THE ABU DHABI SECURITIES MARKET
ABU DHABI: MAC Sharaf Securities (U.A.E.) LLC announced today that it will today be activating its brokerage license to operate on the Abu Dhabi Securities Market (“ADSM”). MAC Sharaf has been operating on the Dubai Financial Market (“DFM”) since late February 2007.
MAC Sharaf Securities (U.A.E.) LLC., is a joint venture between the Sharaf Group, Mohammed Abdul Rahim Al Ali and McMillen Advantage Capital Limited (“MAC”). Seven international brokers and corporate advisors, based in London, Tokyo, Paris, Hong Kong, Geneva and Bangkok are also shareholders of MAC and will all support the growth of MAC Sharaf in its expansion within the United Arab Emirates.
Mr. Sharafuddin Sharaf, MAC Sharaf’s Chairman, said of the ADSM license “We have built up a strong franchise for our operations on the Dubai Financial Market and look forward to offering the same level of commitment to the Abu Dhabi Securities Market.”
“We are very proud to extend our unique services to the Abu Dhabi Securities Market” said Robert W. McMillen, MAC Sharaf’s Vice Chairman and founder of MAC. “Our group’s fundamental research product, detailed analysis and high level of corporate governance, all supported by our international partners, will be available to all our clients in both the U.A.E. and internationally. Recent changes in local IPO regulations should stimulate both the ADSM and DFM markets as more local companies decide that listings are now a very attractive financing alternative.”
Michael Fernandez, Managing Director of MAC Sharaf, said “We are very excited to offer our clients access to the Abu Dhabi Securities Market and our group looks forward to providing investors with strong research and service on this growing bourse. Recent presentations to our extensive overseas client base and partner network indicate strong interest in the ADSM”.
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 at the Company’s principal contact number are;
Sales Tel: +971-4-409 7102
Research Tel: +971-4-409 7140
For further information on MAC Sharaf, please visit its website at www.mac-sharaf.com
PRESS CONTACTS:
Press
Contacts:
|
Mr. Sharafuddin Sharaf Chairman Suite 134 Building, Gold & Diamond Park Interchange 4 P.O. Box 122723 Dubai,
U.A.E. Email: |
Mr. Robert W. McMillen Vice Chairman Suite 134 Building Gold & Diamond Park Interchange 4, Sheikh Zayed Road P.O. Box 122723 Dubai, U.A.E. Tel: 971 50 289 2938 |
Mr. Michael Fernandez Managing Director Suite 134 Building Gold & Diamond Park Interchange 4 Sheikh Zayed Road P.O. Box 122723 Dubai, U.A.E. Tel: 971 4 409 7144 |
Mr. Mohammed Bastaki Senior
Equity Sales & Emitarisation
Officer Suite 134 Building Gold & Diamond Park Interchange 4, Sheikh Zayed Road P.O. Box 122723 Dubai, U.A.E. Tel: 971 4 409 7111 mabdullah@mac-haraf.com |
EDITOR’S NOTES
MAC Sharaf Securities (U.A.E.) LLC, is a stock broker, fully licenced by the Emirates Securities and Commodities Authority and with a seat on the Dubai Financial Market.
MAC
Sharaf’s Shareholders are;
|
|
Percentage |
||
|
Sharaf Investments LLC |
|
25.5% |
|
|
Mohammed Abdul Rahim Al Ali |
|
25.5% |
|
|
McMillen Advantage Capital Limited |
|
49.0% |
|
|
|
|
100.0% |
|
|
|
|
|
|
The Directors of MAC Sharaf are;
|
|
|
|
Sharafuddin Sharaf |
Chairman |
|
Robert
W. McMillen |
Vice
Chairman |
|
Yasser
Sharaf |
Director |
|
Jassim
Al Ali |
Director |
|
Michael
A.W. Fernandez |
Director
and Managing Director |
|
|
|
The International Shareholders of MAC
Sharaf include;
|
Company |
Professional |
Country |
|
1. Quam Securities Co. Ltd |
Stock Broker and Investment Bank |
Hong Kong |
|
2. Lloyd Edward-Jones |
Investment Bank |
France |
|
3. Killik & Co. |
Stock broker |
United Kingdom |
|
4. Banque Morval |
Private Bank |
Switzerland |
|
5. Capital Partners Securities Co.,
Ltd. |
Stock broker and Investment Bank |
Japan |
|
6. Knight Asset Management |
Fund Manager |
Hong Kong |
|
7. Syrus Securities Plc. |
Stock Broker and Investment Bank |
Thailand |
|
8. Imara Holdings Limited |
Stock Broker, Investment Bank and Fund Manager |
South Africa |
MAC Sharaf’s Key Executives in Dubai
are;
|
|
|
|
Managing
Director |
Michael
A.W. Fernandez |
|
Sales
Team and Operations |
Nour
Al Zoubi |
|
|
Amjad
Bakir |
|
|
Mohammed
Bastaki |
|
|
Abdullah
Al Rustamani |
|
|
Hamda
Al Ali |
|
Head
of Research |
Sanyalaknsa
Manibhandu |
|
Head
of Finance & Accounting |
Manish
Goel |
|
|
|
Notice:
This press release has been distributed by MAC Capital Advisors Limited.
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