Egypt’s Pharos Holding advising on deals worth $391.7 mln

Egyptian investment bank Pharos Holding is advising on 7 billion Egyptian pounds ($391.7 million) worth of around 15 deals, its managing director told Amwal Al Ghad on Sunday.

“We aim to complete some of those deals before the end of this year,” Noha El Ghazaly said.

The deals range from acquisitions, mergers, to companies’ restructuring, El Ghazaly said.

Pharos has been picked as the exclusive financial adviser for SICO Technology to secure a funding from Banque Misr to finance its 4,500-sqm smart phones factory in New Assiut’s technological park, El Ghazaly said in the interview.

Founded in 2005, Pharos is one of Egypt’s largest financial institutions, providing investment banking, asset management, securities brokerage, and book-keeping services.

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