Latest in Tag: Pharos Holding Highlight
Latest in Tag: Pharos Holding

Pharos Holding optimistic about the Egyptian economy
Household consumption to grow by 1% in FY19/20 and to keep driving growth in upcoming years

Expected interest rate cuts to positively reflect on direct investment indicators end-2020: Pharos
CBE likely to decrease interest rates by 2-3% over next months in 2019, says Radwa El-Swaify

NI Capital sets deadline for managing bids of Sidpec’s IPO by 5 August
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos

Pharos Holding signs global agreement with Exotix Capital
Relationship potential to increase exposure of Egypt’s capital market to new institutional clients: Teymour

Pharos Holding concludes 100% exit of shareholders from NPP to Mondi Group
Pharos Holding announced on Monday the successful sale of 100% of the share capital of National Company for Paper Products (NPP) to Mondi Group for a total of EGP 150m ($29m). Pharos Securities Brokerage was the broker for the deal on behalf of NPP shareholders, while Al Tamimi and Co served as legal adviser. The …

Pharos Holding appoints Noha El-Ghazaly as its new managing director, head of investment banking
Pharos Holding for Financial Investments announced Saturday the appointment of Noha El-Ghazaly as managing director and head of investment banking, replacing Sherif Abdel Aal. “I am pleased that Ms El-Ghazaly is joining our team, especially in this crucial point of expansion in Pharos’s journey. I have every confidence in her ability to lead our investment …

Pharos Holding announces new chaperone partner for trading in US
Pharos Holding for Financial Investments announced on Wednesday that, starting 15 March, their brokerage division, Pharos Securities Brokerage, will be operating with Exotix USA, Inc as its chaperone partner in meeting and trading with clients across the USA. Commenting on the announcement, Elwy Taymour, Pharos chairperson and co-CEO, said that the group is looking forward …

Egypt launched 3 reform programmes; latest is strongest: Angus Blair
Angus Blair, chief operating officer of Pharos Holding, said Egypt had launched three economic reform programmes in its history, but the latest, which kicked off in November 2016, is the strongest among them. The programme included economic changes that are the largest in the history of Egypt, which included many axes, such as the value …

Pharos Holding appoints Ahmed El Ashi to head its fixed income operations
Leading banker has more than 17 years’ experience in financial services sector

Attracting capital begins and ends with good management strategy: Pharos Holding CEO
Corporate governance, transparency, and disclosure keys to attracting long term investment

Pharos holding acquires new licence to trade in foreign markets
The licence will solidify Pharos position within the market, says Pharos’ CEOÂ

Egypt Kuwait Holding, Misr Financial Investments, Pharos Holding discuss purchase of National Company for Maize Products
The meeting will be held next week and Al Mona Misr International does not intend to withdraw from the deal

Price indicators suggest that inflationary shock is cooling off: Pharos Holding
The second IMF tranche disbursement will represent a confidence booster that would help ease potential pressure on the exchange rate, says Pharos

Heliopolis Co records highest net asset value among real estate companies: Pharos Holding
Pharos released a research on the net asset value of six real estate companies in an attempt to examine the conditions of companies in the sector after recent economic reform decisions

Pharos Holding concludes sale of 100% of Halayeb Company shares
Pharos Holding for Financial Investments announced the successful closing of the sale of 100% Halayeb Company for Dairy and Juice Products SAE (Halayeb) shares to the French-based dairy, Danone

Qalaa Holdings divests from MGM and UGC for EGP 828m
The company has sold its shares in several companies including Sudanese Egyptian Bank and Pharos Holding
Pharos holding closes $20m deal for Meivo International
Cairo based Meivo International sells 51% of its stake to Saudi SPIMACO

Bisco Misr approves optional delisting from EGX
Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93% stakes in Bisco Misr

Pioneers Holding considers new acquisitions in 2015
EGX witnesses some activity in 2015 with Emaar Properties PJSC, Orascom Construction (OC) listings, acquisition of Bisco Misr by Kellog’s