Mubasher Financial Services (MFS), a leading regional brokerage firm with subsidiaries in the UAE, Bahrain and associate companies in Libya and Egypt, has been licensed as a category 1 investment firm by the Central Bank of Bahrain.

The upgrade is in line with Mubasher’s expansion strategy, which has resulted in the firm opening up new markets for its institutional and high net worth clients, said a statement from the company.

Mubasher aims to obtain the highest categories of licenses in the countries where it operates, in order to diversify its financial products, it added.

Commenting on the upgrade, CEO Malek Kanawati said, "This upgrade broadens our offerings in the 35 regional and international markets we operate in. It gives our clients greater confidence, knowing that we are constantly exploring ways to enhance their investment options."

His comments are supported by the fact that Mubasher recently signed strategic agreements designed to give its clients greater access to the most unique and innovative investments in global markets.

"We have established a strong track record - as evidenced by the fact that we won the “Best UAE Broker” award for the third successive year, and also won the “Best Online Trading Platform” award. For 12 years our organization has demonstrated its resilience by absorbing the fluctuations of turbulent markets," remarked Kanawati.

"We have also distinguished ourselves as innovators, from both the technological and product viewpoints. This latest milestone marks a new chapter in our success story," he added.-TradeArabia News Service