Bahrain - Mubasher Financial Services – Bahrain revealed its intention to establish Wasla fund for international investments in Bahrain, to invest in the field of assembling and manufacturing fibre optic cables, and communications and information technology infrastructure projects.

Ihab Rashad, General Manager of Mubasher, said that the Wasla fund aims to cover the Arab Gulf countries, the Middle East, and Africa, with modern and advanced technology that keeps pace with progress in these areas.

Rashad added that a memorandum of understanding was signed between Mubasher Capital and the Gulf Securities Custody Company to start launching the procedures for establishing the Wasla International Fund for Investments in the Kingdom of Bahrain.

The signing of the memorandum of understanding came in the presence of Hammam bin Ali Al-Orabi, Chairperson of the Board of Directors of Wasla International, Talaat Al-Jarf, Nawaf Al-Jibreen, Al-Hassan Al-Orabi, Muhammad Al-Othman, a representative of Mubasher Financial Services, Zoya Al-Fardan, and Muhammad Al-Houri, a representative of the Gulf Securities Custody Company.

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