Egypt’s HC expects to start leasing finance, PE services in H1 2019

Egyptian investment bank HC Securities and Investment expects to begin offering leasing and private equity services in the first quarter of 2019, HC chairman Hussein Choucri said on Wednesday.

HC is “in advanced talks with one of the banks operating in Egypt to engage in leasing activities,” Choucri said in an interview with Reuters Arabic.

“We are seeking to complete our first private equity deal in the first half of 2019. It will be in favour of a firm operating in the area of consumer industries …,” Choucri said.

HC is one of the largest investment banks in Egypt with operations in Egypt and the UAE. It offers a wide range of services in investment banking, asset management, and securities brokerage.