Shuaa Securities, the brokerage arm of UAE-based Shuaa Capital, has begun operations in Egypt.
The business unit gained regulatory approval from the Egyptian Financial Supervisory Authority in November.
“Due to the country’s strong economic fundamentals and depth of available opportunities, we have received strong interest in the Egyptian market from clients in 2017,” said Fawad Tariq-Khan, general manager of Shuaa Capital.
Shuaa Securities Egypt is based in Cairo and employs 40 people.
Established in 1979, Shuaa Capital has its headquarters in Dubai.
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