Cairo – Mubasher: Mubasher Capital Holding for Financial Investments is considering multiple options to cement its position in the Egyptian market and increase its services to customers through its arms, including acquiring existing companies, the company’s vice chairman Ehab Rashad said.

This move will boost the company’s competitiveness and market share, Rashad added, noting that the Egyptian market is a promising market expected to witness further growth on the back of the economic reforms implemented by the government.

Mubahser, which owns subsidiaries providing financial services in Egypt, Bahrain and the UAE and covers more than 72 capital markets across the world, plans to use its proceeds from exiting one of its companies in Dubai in 2019, amounting to AED 260 million (EGP 1.1 billion), in one its main markets.

The company is also looking to enter new markets in the Middle East and Asia.

Previously, Mubasher Capital Holding for Financial Investments announced that its subsidiairy MubasherTrade would act as a broker of the private offering of 28% of shares of Emerald Real Estate Investment at a total value of EGP 202.3 million.