Egypt’s CI Capital Holding, a diversified financial services group, signed on Sunday, June 24, an agreement with Malaysia-based Maybank Kim Eng to provide the latter’s clients with brokerage services, Invest-Gate reports.
The collaboration with Maybank Kim Eng, a regional investment bank in the Association of Southeast Asian Nations (ASEAN), aims to provide the global institutional investors access to the new MENA platform covering a wide range of Emerging and Frontier Markets, according to CI Capital’s bourse filing.
Under the agreement, CI Capital will offer Maybank Kim Eng’s clients streamlined solutions covering execution, research, and corporate access for the MENA markets. It will also provide investors with strong reach and placement power through various channels, with a distinctive ability to manage and generate complex transactions, the filing adds.
“With this partnership, we will have access to the largest financial services network in ASEAN, including Malaysia, Singapore, Indonesia, Thailand, Vietnam and the Philippines as well as HK/China and India where Maybank Kim Eng also operates. Thus, we are allowing our investors to capitalize on the continuous rise of the Asian continent,” CI Capital’s Managing Director and Head of Brokerage Karim Khadr is quoted as saying.
It is worth noting that ASEAN, as a single entity, grew to develop into one of the most lucrative investment opportunities since it has the world fifth largest GDP, third largest population, third highest GDP growth rate, and one of the youthful demographics globally.