Dubai – Mubasher: SHUAA Capital on Sunday announced that its securities brokerage unit, SHUAA Securities, officially started its operations in the Egyptian market, after the approval of the Egyptian Financial Supervisory Authority (EFSA).

With a task-force of 40 people, SHUAA Securities Egypt has been successfully executing its transactions since being granted approval on 11 November, enabling clients from all over the region to invest in the Egyptian Capital Market, the company said in a statement.

“SHUAA Securities Egypt will enable us to meet this demand and help us to deliver another significant element of the Group’s long-term growth strategy,” said Fawad Tariq-Khan, SHUAA Capital’s general manager.

SHUAA Securities successful operations in Egypt are projected to lay the foundations for further expansion by SHUAA Group in North Africa on the medium-term, the UAE-based company concluded.