Riyadh – Mubasher: Mubasher has signed an investment agreement with Japanese financial services group SBI to launch a fund focusing on information and financial technology.
Mohammed Al Ballaa, Chairman of Mubasher, penned the agreement with SBI Chairman, Shiran Dias, during the Saudi-Japanese roundtable meeting which was held in Jeddah on 16 July 2023.
Mubasher Chairman said that the deal with SBI aims to increase financial expertise to boost venture capital (VC) and various initiatives by investors. Al Balla added that the agreement will further provide emerging fintech companies with a robust platform to support their growth.
The roundtable witnessed the signing of 26 memoranda of understanding (MoUs) and investment agreements between the Saudi and Japanese sides, in the presence of Saudi Arabia’s Minister of Investment, Khalid bin Abdulaziz Al Falih, Japan’s Prime Minister, Fumio Kishida.
Representatives of the Japanese government and more than 44 leading firms from Japan also attended the meeting.
It is worth noting that MENA-focused Mubasher was among the first companies in the region to enter the fintech world. It also has the state-of-the-art Mubasher Pro trading platform in addition to Mubasher.info portal to address the latest news, mainly on listed companies and economic events, in the region and across the globe.
Last May, Mubasher Trade announced the availability of trading gold through the hotline 16699, after Egypt’s Financial Regulatory Authority (FRA) approved the launch of Azimut Precious Metals Fund under the name az-Gold. Mubasher Trade is licensed by the Egyptian Exchange (EGX) under the name Mubasher for Securities and Bonds.
