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ABU DHABI / WAM
SHUAA Capital announced that its securities brokerage arm, ‘SHUAA Securities’, has officially commenced operations in the Egyptian market, following a green light from the Egyptian Financial Supervisory Authority (EFSA). With an initial and dedicated 40 person strong task-force, SHUAA Securities Egypt has been executing its first transactions since being granted approval.
SHUAA Capital had earlier confirmed a regional growth and development strategy via both organic and inorganic prospects, and the launch of SHUAA Securities Egypt is testament to the group’s turnaround roadmap. This official presence in Cairo is a natural extension to its broader brokerage network, allowing retail and high-net-worth clients from across the region easier access to Egyptian capital markets.