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We aim at increasing investors in Arab markets - Mubasher Chairman

We aim at increasing investors in Arab markets - Mubasher Chairman
Eng. Mohammed Al Ballaa, Chairman, Mubasher Financial Group

Riyadh – Mubasher: The Chairman of Mubasher Financial Group, Eng. Mohammed Al Ballaa, said on Monday that the use of financial technology (FinTech) has played a significant role in the success and growth of Mubasher companies.

More than 10 years ago, Mubasher was able to connect most Arab markets in a single system that allows instant and direct trading in all of these markets, Al Ballaa, who also chairs the fintech and innovation committee in the Arab Federation of Exchanges (AFE), said in his remarks during the opening ceremony of the AFE Annual Conference Saudi 2021.

The activities of Mubasher Financial Group has expanded to include a global trading network that is currently working to link all financial markets and stock exchanges within one system that allows trading more than three million different investment options, that include stocks, goods, derivatives, and fixed-income instruments, the Chairman explained.

Al Ballaa noted that Mubasher Financial Group has created advanced solutions to research and present investment recommendations using artificial intelligence (AI) through Global Market Access Holding, a company that the group established in the Dubai International Financial Centre (DIFC).

Mubasher Financial Group is currently focusing on three main fields, according to the Chairman, firstly, increasing the number of investors in Arab financial markets, and facilitating investment options to the general public. This goal is encouraged by the low number of investors in most Arab markets, which is less than 1% of the total population, compared with about 50% in the US for example.

He added that the group is working on developing advanced services for joint-stock companies, allowing adequate presentation of their activities and plans for growth and expansion to the biggest segment of retail and intuitional investors.

Furthermore, the group is providing services to small and medium companies, allowing these businesses to obtain finances and investments, and provide investors with an opportunity to find a secondary market where they can trade their stocks using blockchain technology and building on the capabilities of other companies within the group.

It is worth noting that AFE Annual Conference Saudi 2021 is hosted by the Saudi Stock Exchange (Tadawul) in partnership with the Arab Federation of Exchanges (AFE) and that Mubasher is the Platinum Sponsor of the event.