Shuaa Capital in talks to re-enter Egypt

29/08/2017 06:01 AST

Dubai-listed Shuaa Capital announced on Monday it was taking steps for its securities business to re-enter Egypt.

In a statement, Shuaa said it has formally begun discussions with Egyptian regulators in order to reintroduce its securities business into the Egyptian market.

The decision to restart brokerage operations in Egypt, which were suspended after the global financial crisis, is part of the group's long-term growth strategy.

Shuaa said the decision reflects its belief in the fundamentals of the Egyptian market and the abundance of opportunities there.


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