Mubasher for Securities (MubasherTrade) announced it has been licensed by the Egyptian Financial Supervisory Authority (EFSA) to open its second branch in Tanta city.
The company had been licensed earlier this month to open its first branch in New Damietta. Ehab Rashad, Managing Director, said the company is planning to launch 14 branches, out of which three branches will be opened this year.
The new offshoots are aimed at marketing the company’s e-trading services, in addition to providing customer services, according to the top official.
He also confirmed that his company began steps to launch Mubasher Financial Advisory, in a bid to provide fully fledged services to clients, in preparation of establishing a holding company that will be the umbrella for all of Mubasher companies operating in securities.
Mubasher for Securities has ranked the 14th among peers in July, accounting for 1.9% of total market transactions.
The company had been licensed earlier this month to open its first branch in New Damietta. Ehab Rashad, Managing Director, said the company is planning to launch 14 branches, out of which three branches will be opened this year.
The new offshoots are aimed at marketing the company’s e-trading services, in addition to providing customer services, according to the top official.
He also confirmed that his company began steps to launch Mubasher Financial Advisory, in a bid to provide fully fledged services to clients, in preparation of establishing a holding company that will be the umbrella for all of Mubasher companies operating in securities.
Mubasher for Securities has ranked the 14th among peers in July, accounting for 1.9% of total market transactions.
Source:
Mubasher
