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Mubasher Capital targets EGX listing within 3 years: Vice Chairperson - Daily News Egypt

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Mubasher Capital targets EGX listing within 3 years: Vice Chairperson

Company intends to invest EGP 350m in new products, expansions through five-year plan

Ehab Rashad, Vice Chairperson of Mubasher Capital, told Daily News Egypt that the company planned to debut on the Egyptian Exchange (EGX) within three or four years, during which the company would reap the fruits of its current development and expansion plan.

Rashad added that it was planned to inject new investments of about EGP 360m during the next five years, revealing his company’s intention to expand in various fields, most notably the establishment of investment funds. The company will establish 10 investment funds with an expected initial size of EGP 250-500m per fund. 

The company targeted new types of funds, the first of their kind in the Egyptian market, such as Islamic sukuk and green bonds, in addition to funds specialized in various economic sectors, as well as traditional funds of stocks and fixed income.

With regard to the company’s plan to acquire an asset management company, Rashad said the acquisition process to be completed by the middle of next month. The targeted asset management company owned an investment fund. The acquisition deal is expected to exceed EGP 20m.

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