Mubasher Financial Group and QNB ALAHLI Bank signed an agreement, offering investors stock-market trading services through opening Mubasher trading accounts at QNB ALAHLI Bank’s 200 branches throughout Egypt.
This agreement supports the Egyptian government’s efforts in attracting indirect financial investments and raising financial and economic awareness, in addition to the development initiatives designed to boost the local economy.
“This agreement supports our strategic orientation into expanding Mubasher Financial Group’s operations in the Egyptian market while enhancing the Egyptian government’s efforts in its economic reform programme,” said Ehab Rashad, managing director at Mubasher Financial Group.
He added that “the agreement, which infiltrates all Egyptian governorates through the bank branches, will attract investors interested in stock-market trading, offering them better trading opportunities without feeling burdened to directly contact Mubasher Financial Group.”
On the other hand, Bassem Nour, the commercial and marketing director at the QNB ALAHLI Bank said, “this is the first agreement to offer this kind of trading service in the stock market in Egypt, which explains why we are so keen to include it among our products and service portfolios, to cater for our clients and the needs of different sectors.”
The signed agreement offers local investors the opportunity to open an account to trade in the Egyptian Stock Market through any of QNB ALAHLI’s branches in Egypt’s governorates, as well as subscribing to relevant bank packages to execute all banking transactions—according to the bank account’s opening terms and conditions—while benefiting from Mubasher Financial Group’s expertise and services, as well as all other services offered by the bank.