Ehab Rashad, the Vice-President of Egyptian asset management company Mubasher Capital, said that the venture is preparing to launch what it hopes will be the North African country’s first silver investment fund.
“The company has not set a target launch date but has submitted the required documents to the Financial Regulatory Authority (FRA) earlier this week (in the first week of February 2026),” Rashad revealed the details to Zawya Arabic on the sidelines of a conference in Cairo, held on February 3rd.
Founded in 2018, Mubasher Capital Egypt operates in securities trading and manages investment funds and portfolios. It is part of the Bahrain-based Mubasher Group, established in 2007.
“We hope to be the first silver fund in Egypt. The target size for the fund is 2 billion Egyptian pounds (USD 42.6 million),” Rashad said.
Rashad’s statement comes amid the rising demand for commodity-focused funds in Egypt as metal prices climb and interest rates continue to ease. Several gold investment funds are already active in the market, and firms are increasingly exploring silver-based products.
“Mubasher Capital currently manages three investment funds: an equity fund, a fixed-income fund, and a gold fund. The company is also working on additional products, including a dollar-denominated fund and another tracking the EGX35-LV, Egypt’s low-volatility equity index,” reported ZAWYA.
“While Mubasher Capital is awaiting regulatory approval to begin subscriptions, after filing the launch documents with the FRA earlier the first week of February 2026,” Rashad said, without disclosing the launch of the product’s timeline.
The fund will be established through a partnership between Egypt’s Mubasher Capital and a gold investment company named “Empire of Gold,” with Mubasher Capital holding a 70% stake and Empire of Gold 30%. He further noted that the fund’s initial capital is set at EGP 10 million, with a target to scale total assets to EGP 2 billion. Subscriptions will be available through four Egyptian firms: Mubasher Capital, Ostoul Capital, Arabeya Online, and Zaldi Investments.