Mubasher expansion targets emerging markets
Riyadh, April 6, 2011
Mubasher Financial Services (MFS), a leading online brokerage service, recently announced a new growth strategy for 2011 focusing on emerging and frontier markets beyond the Mena region.
The company, a subsidiary of Saudi Arabia-based National Technology Group (NTG), will make inroads in markets across CIS, Africa, Asian sub-continent and Far East Asia, said a company statement.
Mubasher has further revealed its plans towards its ultimate goal of becoming the broker of choice among retail and institutional investors across all key growth and emerging markets across the globe.
It will aggressively invest in state-of-the-art technology and in strengthening its in-house expertise, providing the momentum to expand the company’s market coverage and penetrate majority of key frontier markets in 2011, the statement said.
Mubasher also disclosed that it has reinforced its global network of partners as part of its expansion strategy, having recently formed strategic alliances with leading brokerage houses across Asia.
"Mubasher's strength lies in its ability to provide solutions that add value and cater to the specific needs of clients wherever their location may be,” said Malek Kanawati, CEO, Mubasher.
“Moreover, Mubasher continues to invest in the latest technologies with the ultimate aim of creating seamless integration among all services and value-added offerings that we provide to our clients across all international markets. These strategic advantages will definitely help us standout as the broker of choice in emerging and frontier markets that we are targeting,” he added.
Nicholas Wright, head of institutional brokerage, Mubasher Financial Services, said: “Mubasher has emerged as a leading brand in the Mena region that is associated with cutting-edge services, convenience and ease. It is our commitment to deliver the same brand promise as we expand and strengthen our presence in markets across the CIS, Africa, the Asian sub-continent and in Far East Asia."
Mubasher recently appointed Kim Eng Holdings, the Singapore-based leading securities broker, as its executing broker for the Far East Asia, which allows Mubasher clients to conduct trade activities in Singapore, Hong Kong, Malaysia, Indonesia, Thailand and the Philippines under a single trading platform. – TradeArabia News Service