New investments in the midst of political challenges demonstrate Mubasher's confidence in the resiliency of Egyptian market
Mubasher Financial Services (MFS), one of the leading regional financial institutions and a subsidiary of National Technology Group (NTG), has announced that it has increased the capital of Direct Broker for Securities - Mubasher Egypt (DBFS Egypt) by 50 per cent as part of the company's ongoing growth program in Egypt. Mubasher further revealed plans for DBFS Egypt to obtain the Margin Trading License.
The new investments will be used to develop and expand the scope services of DBFS Egypt, underlining Mubasher's positive growth outlook on the Egyptian market. Mubasher has been aggressively strengthening its presence in Egypt by channelling fresh investments and recently appointing Ehab Rashad as the new Managing Director.
Malek Kanawati, CEO, Mubasher, said: "The move to increase Mubasher Egypt's capital by 50 per cent clearly demonstrates the company's confidence in the Egyptian market despite the country's political landscape undergoing a critical period of transition. We have a very positive growth outlook in Egypt, which is driven by the strong fundamentals of the Egyptian market and the proven resiliency of the national economy. The new investments indeed underline Mubasher's commitment to deliver innovative trading and investing solutions that cater to the distinct requirements of investors in Egypt."
Mubasher Financial Services is a subsidiary of NTG that offers direct market access (DMA) to Middle Eastern and leading international stock markets through a single trading hub. The company supports both electronic and manual Straight-Through-Processing order execution on multiple markets including GCC, MENA region, South East Asian Markets, and US markets. It offers brokerage services via various trading platforms, dealer-assisted order placing, research, and a dedicated relationship manager.
© Press Release 2012
