By Amr Adel
Dubai – Mubasher: Alsafwa Islamic Financial Services sees its listing on the secondary market of Dubai bourse as an initial step towards launching a public offering and listing on DFM official market, said General Manager Sherif Zohdy.
Speaking to Mubasher exclusively, the GM added that the launch of a share offering is conditional on a recovery in the market.
The statement came during a ceremony for debuting the company on DFM secondary market today.
The company’s GM said the decision to merge with Mubasher Financial Services (MFS) is aimed to boost its competitiveness and increase its market share.
Zohdy also said his company plans to expand its operations and add new activities in the local and regional markets this year, especially in portfolio management, and seeks also to launch investment funds in the UAE.
Translated by Sayed Abdel Rahman
