Dubai – Mubasher: The net profits of BH Mubasher Financial Services hiked by 403% during the first nine months of 2020, when compared to the corresponding period of 2019.

The company's commission income and income from margin trading jumped by 121% and 50%, respectively, according to a press release on Monday.

Meanwhile, the company recorded a 10% rise in customers’ deposits to amount to AED 137 million.

The CEO of BH Mubasher, Abdel Hadi Al Sa’di, said: "It has been a challenging year for many within the industry but we are optimistic and confident in our resilience which is clearly shown in our numbers."

It is noteworthy to mention that in early October, the company has obtained an Investment Management license from the Securities and Commodities Authority (SCA).