Egypt’s Pharos Holding eyes 7.5bn pounds agreements in 18 months

Egypt’s Pharos Holding investment bank is targeting deals worth 7.5 billion Egyptian pounds ($427.84 million) in 18 months, as well as breaking into non-bank financial fields in 2018, its Chief Executive Elwy Taymour told Reuters on Thursday.

Pharos Holding- which is an investment bank in Cairo with private equity, asset management, securities brokerage, and bookkeeping operations- is also seeking to increase its financial portfolio to two billion pounds within 2018.

Source: Reuters