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Sunday, 11 February 2018

Shuaa Capital formally launches in Egypt this week, wants to become “biggest in the region

Shuaa Capital opening in Egypt, has plans to be the “biggest in the region” in capital markets, CEO Fawad Tariq Khan told Bloomberg’s Tracy Alloway. Shuaa is now focusing on its core business of investment banking, capital markets, asset management, and credit. Shuaa is formally launching its Egyptian office this week as part of its bid to build on the brokerage businesses across the region. “Egypt is an interesting market for us because it’s got all the right macro factors … large population … self sustaining … when you look at the volumes, opportunity over there, we see a lot of opportunity for Shuaa to be over there. Shuaa used to be in Egypt and we’ve been out of the market for a very long time, so I’m very happy to come back … We’re in it for the long term,” Khan told Alloway (runtime 04:09).

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