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Egypt's FRA grants custodian licence to Mubasher Capital

Egypt's FRA grants custodian licence to Mubasher Capital
The launch of “Du” brand for financial services

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has granted a licence to Mubasher Capital Holding for Financial Investments to provide custodian services.

The Vice Chairperson, Ehab Rashad, said that the custodian licence is a new step towards further expanding in the Egyptian market and providing integrated non-banking financial services, accrding to a statement on Wednesday.

Last week, Mubasher received FRA’s approval to open a new branch for MubasherTrade in Maadi as part of the company’s announced plan to open 50 branches in five years.  

Earlier, the company announced the launch of its new “Du” brand for financial services with an investment of EGP 360 million.