Egypt’s Financial Regulatory Authority (FRA) has granted Mubasher International the licence to market investment fund securities and retrieve them electronically.

Ehab Rashad, Managing Director of Mubasher Holding, has revealed that the new service will be activated through the first new fund that will be launched for asset management firm, Azimut International.

The new fund will be launched within two weeks and will focus on fixed income. Mubasher International will also launch a contract with a real estate investment fund company within two weeks.