Mubasher Group is aiming to start its actual activity for forming Portfolio Formation & Management, in Egypt's capital market by the next of March, in order to allure EGP200 million within its first one year. Mubasher Portfolio Formation & Management Ehab Rashad, an expert board member said the activation of this project comes after obtaining the license of the Egyptian Financial Supervisory Authority (EFSA), stressing Mubasher's target to double money which targeted to capture during the following years. He asserted that Mubasher aims Egypt's capitals ,Arab Gulf countries and North Africa to collect the targeted money which will be invested for managing the individuals' and institutions' money in each of EGX and treasury bills and bonds. He emphasized that launching the new firm in Egypt comes in the light of the political, economic and financial stability. Mubasher is still confident in the Egyptian market's ability to regain its vigor and activity and thus insists on proceeding with its plans for the Egyptian market through bolstering its abilities in serving investors. Individuals and institutions will be able to open accounts at a minimum of EGP 100 thousand. The company will utilize a top-notch program for managing portfolios, which will be the first of its kind in the Egyptian market after it proved massively efficient in the Kuwaiti market through dominating 40% of companies.
