SHUAA Capital Initiates Procedures For Securities Business Egypt Re-entry
SHUAA Funding, the United Arab Emirates-based integrated financial services company, introduced that it has officially begun conversations with Egyptian regulators for reestablishing its safeties business into the Egyptian market.
As a stepping stone, SHUAA Funding's Board of Directors has established a clear required targeting the Egyptian market for the expansion of the company's broker agent solutions under its more comprehensive Capital Markets offering. The decision to reactivate broker agent procedures in Egypt, which was voluntarily put on hold formerly as the region recuperated from the 2008 global economic downturn which affected trading quantities, is a key element of the Group's lasting growth approach, and shows the firm's belief in the basics of the Egyptian market and the deepness of opportunities available.
Fawad Tariq-Khan, General Manager of SHUAA Capital, discusses: "SHUAA Funding believes there still exists significant untapped potential to offer clients eyeing the Egyptian market with our Securities business. Additionally, we have ambitious strategies to prolong our platforms better past our local territories, to enable clients both current and prospective, direct accessibility to other markets with a single trading account, combined with a collection of progressively comprehensive brokerage services. We waiting to relaunching operations quickly, with the assistance of the Egyptian authorities and regulatory authorities."
Once restored by the respective regulators, SHUAA Stocks Egypt will form an important enhancement to SHUAA's broker agent network by using retail and high-net-worth clients from across the region access to the Egyptian resources markets.
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