Mubasher Advisory has recently acquired a licence from the Egyptian Financial Supervisory Authority (EFSA) to operate as an independent financial advisor. The obtained licence, under the numbers 735 and 1761, is expected to enable Mubasher to produce research reports for securities-brokerage companies, as well as offer financial advisory services to its clients.
Mubasher intends to focus on creating an incubating environment for small and medium enterprises (SMEs) to support them financially and technically in order to help them achieve their desired growth rates. This initiative by Mubasher goes in line with the Egyptian government’s programme to support SMEs, a pillar in creating sustainable economic growth that addresses unemployment.
Amr Hussein El Alfy, member of the board of directors at Mubasher Advisory, said that financial advisory is an important step for Mubasher to offer integrated financial services to a diverse client base in the Middle East and North Africa (MENA) region, in addition to supporting SMEs who need comprehensive financial plans to allow their management teams to focus on creating added economic value.
“Mubasher is applying to become a nominated advisor on the Nile Stock Exchange (NILEX), which will qualify us to list SMEs on NILEX,” El Alfy added.
Mubasher Advisory’s executive team includes 15 investment professionals with experience in capital markets and different economic sectors in the MENA region.