CFI Financial Group Taps into Egyptian Market with Acquisition of El Mahrousa

CFI Financial Group, a leading multi-asset broker specializing in online trading, continued growing its global presence, having expanding into Egypt through the acquisition of a local brokerage firm, El Mahrousa.

According to Hisham Mansour, Co-Founder and Managing Director of CFI Financial Group, the company has seen the Egyptian market as a key bridge for its expansion in the Middle East and North Africa.

"CFI's leading position in MENA is very strategic for us and the acquisition of El Mahrousa in Egypt comes about to solidify our position. The Egyptian market is a key market in the region and we saw we have to be there physically through a locally regulated company", he added.

The company now is planning to launch CFI Egypt by the beginning of 2023, and deliver premier trading services in the country.

In October, Fazzaco reported that CFI Financial Group registered 94% jump in its trading volume​ over the first three-quarters of 2022, which was attributed to 155% increase on a yearly basis in new customer acquisition.