Pharos heads EGX league in March with transactions of EGP 26bn, 31% market share
The firm reported a market share of 31.4% of total transactions, with a turnover of EGP 26.06bn.
Latest in Tag: Pharos Highlight
Latest in Tag: Pharos
Sika completes 99% acquisition of Bitumode with Pharos as sell-side financial advisor
Deal confirms the confidence of foreign investors in the feasibility of investing in Egypt, says El Ghazaly
Working capital financing affected by ongoing COVID-19 pandemic: Pharos
Capital adequacy ratios may come under pressure if COVID-19 persists
Pharos forecast COVID-19 to lower Egypt’s consumer spending
Similarly, local demand for textiles will be pressured by the curfew imposed on all retail outlets, while textile exports face order postponement or cancellations, due to slower global demand. Oil-based raw material imports are also at risk of interruptions, due to global manufacturing hurdles.
Pharos expects CBE to keep interest rates unchanged in next MPC meeting
MPC will consider market conditions, impact of emergency rate cut, inflation trend at Thursday meeting
ISPH market share increases to 20.8% in 9M19: Pharos
Insina’s net profit grew by 138% in 3Q19 recording EGP 144mn, up from EGP 60m in 2Q19
Egypt’s Real estate sales in 2020 will remain subdued: Pharos
Diversification is key for Egypt’s real estate sector
Pharos expects inflation should end 2019 with an average of 8.9% YoY
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Pharos receives short selling license from FRA
The approval comes pursuant to the decision of the FRA No 268 of 2019 issued in February to regulate the practice of borrowing securities for the purpose of selling.
Prime Holding completes its due diligence to acquire Pharos
Prime Holding added that discussions are currently in progress regarding the due diligence findings in preparation for signing of the definitive agreements in order to complete the transaction after securing the required approvals from the Financial Regulatory Authority.
Pharos closes sale of controlling stake in Spinneys to Investec Asset Management
Investment bank acted as sell-side advisor to Spinneys shareholders
Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos
Pharos believes that the capital increase could trigger a wave of porfit retentions and mergers and acquisitiions.
Six Old Period tombs found in Aswan
Burial chambers’ belongings robbed, found relics pertain to late period
SODIC’s new projects to enhance company performance, boost profitability: Pharos
Company projected to generate around EGP 15bn in sales within seven years
Pharos acts as exclusive financial adviser for Sico
Devices will be marketed locally, elsewhere in MEA region
External debt ratios continued to reflect limited risks: Pharos
The external debt rose to USD79 billion, or 42.7% of GDP in 4Q FY2016/17
Pharos recommends ‘equal-weight’ on Juhayna
The research firm said that Eastern Co’s still benefiting from low-cost dollar inventory
Banque Misr – Pharos alliance suggests 3 scenarios for EFIC expansion
Scenarios include selling 100% of SCFP, increasing capital, offering 40% of shares, or selling to strategic investor