إيهاب رشاد: مباشر كابيتال تراهن على DU.. والتحول الرقمي قاطرة المستثمرين

Rana Mamdouh_  Ihab Rashad, Vice Chairman of the Board of Directors of Mubasher Capital Holding Company for Financial Investments, expects that the year 2021 will witness a better performance than last year, which witnessed the repercussions of the first wave of the Corona crisis, explaining that the world has gained extensive experience in dealing with sudden crises in general.

Rashad based his prediction on the financial results of companies listed in the Egyptian capital market, which showed some recovery from the repercussions of the Corona crisis during the last quarter of 2020.

He pointed out that the digital transformation strategy adopted by the state in the coming years, relying on technology in most of the investment channels that make up the GDP, is one of the strongest strengths of the Egyptian economy, on which Mubasher Capital is betting.

The Vice Chairman of the Board of Directors of Mubasher Capital Holding Company for Financial Investments explained that the promotion of this strategy by the state is integrated with the company’s work mechanisms that aim to change the normal financial culture of the investor, whether with a low portfolio or with a wide financial solvency.

Appointing a legal advisor is the first direct step to acquiring a company that owns an investment fund

Rashad hinted that the state’s vision is in line with the group’s strategy to be implemented, which began with the launch of a number of electronic applications, the latest of which is the DU platform, whose work is based on promoting the dissemination of the culture of investment and savings, by providing many investment solutions equipped with innovative technology.

He said, “The company is betting on the DU platform during the year 2021, because it has unique advantages over other applications, and penetrating this field requires research and a development center,” noting that this platform is the product of the work of the Research and Development Center of Mubasher Capital in Sri Lanka, which took two years. to issue it.

He pointed out that this vision would ease the consumer’s multiple procedures for opening savings books, and contribute to increasing the volume of local invested funds.

Rashad pointed out that the uncertainty about the features of the Corona crisis scenario in light of the second wave that the world is facing in the current period is among the challenges that investors fear, because of its negative impact on the demand factor, which may be reflected in a clear recession on the Egyptian economy.

He said that the repercussions of the Corona crisis on companies may force some to reduce their human resources, which will reflect negatively on savings rates, and this will be offset by exploitation of the savings stock and the employee in any investment channel.

Rashad bets in the Egyptian capital market sector on the growth of non-banking financial services based on meeting the needs of investors online, and therefore he ruled out the existence of weaknesses that might concern investors within the sector, unless the economy as a whole is affected by the repercussions of the Corona virus crisis, and the low savings rates that cause The decline in demand for shares of listed companies.

He said that Mubasher Capital has already launched an application that allows its clients to trade in the stock exchange through the Internet without the need to be present in the company, pointing out that the field of online trading witnessed a growth during the year 2020 by about 70%.

Mubasher Capital is betting, during the current year 2021, on increasing the capital market investors’ reliance on electronic applications to meet their investment needs in line with the country’s strategy and the sector in particular.

Rashad indicated that the most important thing that raises the company’s fear during 2021 is the occurrence of a recession in the Egyptian capital market due to the sudden developments of the Corona crisis, which may be reflected in a decrease in investments that causes a decline in the targeted profits.

The company targets revenue growth of 15%-20% and up to 25% in profits

Rashad said that Mubasher Capital aims during 2021 to grow revenues by 15 to 20%, and intends to increase the company’s profitability during the year by up to 25%.

He added that the company’s vertical expansions will be based on adding new activities to Mubasher Capital that serve its strategy to use innovative technology in investment, pointing out that the company obtained this January a custodian’s license to meet the needs of foreign investors in particular, indicating that the custodian’s activity will be activated in The first week of February.

Activation of the custodian license in the first week of February

Rashad continued, “The company completed a few days before completing the procedures for the license to promote and cover subscriptions, and obtained the approval of the Financial Supervisory Authority, and is awaiting the meeting of the Extraordinary General Assembly to approve the new license.”

Horizontally, he said that the company aims to expand geographically by increasing the number of its operating branches to 50 branches over the next five years.

Regarding the company’s plans for merger or acquisition deals, he said that Mubasher Capital is in the process of acquiring a company that is not listed on the Egyptian Stock Exchange and owns an investment fund, noting that the company has begun to take the necessary procedures for the acquisition, and its first step was to appoint a legal advisor for the deal.