Mubasher offers Middle Eastern investors an exciting new gateway to access shares of fast-growing companies before they go public
Mubasher Financial Services (MFS), one of the region’s top brokerage firms with subsidiaries in the UAE, Bahrain, Egypt and Libya, has agreed to work with SharesPost (member FINRA/SIPC), a leader in private capital markets. Through SharesPost’s platform, Mubasher’s GCC clients can now buy shares in some of the world’s fast-growing private companies even before their Initial Public Offering.
The agreement combines the technological strength of Mubasher’s real time trading platform with the expertise of SharesPost, which offers 450 research reports from 11 third-party providers. Mubasher’s clients will gain direct access to this list of companies, in addition to the 35 global and regional equity markets already available on its trading platform.
Malek Kanawati, CEO of Mubasher, explained: “I’ve been impressed by the performance of the companies on SharesPost, which I believe shows that smaller, fast growing companies can outperform a portfolio of large cap companies. Previously such exciting opportunities were only available to major clients of investment banks, but Mubasher is now democratizing the investment process. We are empowering GCC investors to make smart investments in high-potential private companies like Twitter and many others.”
Greg Brogger, President of SharesPost, agreed with Mr Kanawati’s assessment, adding: “Many of today’s most innovative cutting-edge companies are choosing to go public later. We are excited to partner with Mubasher to bring SharesPost technology and services to the Middle East, opening up pre-IPO investment opportunities in the region. We have selected Mubasher because we feel they are an ideal partner due to their extensive client network in the region and their technological lead.”
This agreement is the latest in a long line of strategic agreements and expansions by Mubasher. In addition, the firm recently solidified its reputation as a consistent innovator by winning the ‘Best Broker UAE’ award for the third year in a row.
