Dubai-based Mubasher Holding to seek custodian license in Egypt

Dubai-based Mubasher Holding plans to apply for a custodian license in Egypt after it last year obtained approvals from the Financial Regulatory Authority to launch a holding company, Mubasher Capital Holding for Financial Services Vice Chairman Ehab Rashad said. The new branch will be up set up by the end of the year with EGP 300 mn in capital.