Egypt’s HC says to complete $80 million acquisitions in Gulf this year

Egypt’s investment bank, HC Securities is planning to make two new acquisitions totalling $80 million in one of the Gulf countries within this year.

The new acquisitions are part of HC’s strategy to boost its investment presence in a number of global markets, its head of investment banking Mahmoud Selim told Amwal Al Ghad on Sunday.

During 2016, HC has managed acquisitions at values of $1.1 billion, Selim added.