Mubasher appoints Malek Kanawati as CEO

Mubasher appoints Malek Kanawati as CEO
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Published November 23rd, 2010 - 10:32 GMT

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Samba Financial Group
,
National Technology Group
,
Mubasher
,
Malek Kanawati

Mubasher, the premier provider of e-financial solutions and a subsidiary of National Technology Group (NTG), has announced that Malek Kanawati has recently been appointed as the company's new CEO. Mubasher has expressed confidence that Mr. Kanawati's diverse knowledge of financial services with over 17 years experience in the investment industry will prove invaluable in Mubasher's continuing efforts to expand its business and investment services in the Middle East.

Mubasher provides clients with state-of-the-art financial brokerage platforms, modern technical analysis tools as well as news, reports and other highly sophisticated services for e-circulation, retrieving prices of circulated stocks, market indices, and direct market access. The company caters to more than 500,000 investors in the region, delivering information and essential tools required to keep up with financial market trends and to make critical decisions anytime and anywhere.

Eng. Mohamed Rashid Al-Ballaa, Chairman of NTG, said: "We are thrilled to welcome Mr. Malek Kanawati as the new CEO of Mubasher as he brings onboard his in-depth understanding of the regional industry and vast experience in developing innovative electronic brokerage solutions for customers in the region. With his distinguished track record, we are confident that Mr. Kanawati will successfully lead Mubasher to achieve its strategic objectives and help grow our business and investment services across the Middle East."

Malek Kanawati said: "It is a great opportunity to be part of the Mubasher organisation and to contribute to the company's continued growth in the Middle East. I am looking forward to offer my expertise and extensive experience in the investment industry to chart a meaningful growth strategy for the company and help sustain the significant gains that Mubasher has achieved in the Middle East market over the years."

Mr. Kanawati was Head of Brokerage at Samba capital, the wholly-owned subsidiary of Samba Financial Group (Samba), prior to his appointment at Mubasher. He has earned a reputation for introducing a range of innovative electronic brokerage solutions, incorporating global best practices for both the international and local brokerage markets in the Kingdom of Saudi Arabia. 

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