Dubai’s Mubasher Holding acquires 36% stake in Egypt’s Mubasher Securities

Dubai’s Mubasher Holding Ltd. acquired a 36% stake in Egypt’s Mubasher Securities for EGP 1.8 mn through one of its local subsidiaries, Al Borsa reports. The move is part of Mubasher Holdings’ major subsidiary overhaul. Mubasher Securities aims to grow its AUM to EGP 2 bn over the next three years and is already in talks with two banks to manage two new funds.