Mubasher Advisory granted license to operate as financial advisor

Mubasher gets financial advisory license, seeks status as nominated advisor for Nilex: The Egyptian Financial Supervisory Authority (EFSA) has granted Mubasher Advisory a license to operate to operate as an independent financial advisor, Daily News Egypt reports. The license allows Mubasher “to produce research reports for securities-brokerage companies, as well as offer financial advisory services to its clients.” Mubasher is also “applying to become a nominated advisor on the Nile Stock Exchange (NILEX), which will qualify us to list SMEs on NILEX,” board member Amr Hussein Elalfy added.