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Egypt's Pharos Holding targets deals worth about 7.5 bln EGP within 18 months - CEO
September 7, 2017 / 7:08 AM / 2 months ago

Egypt's Pharos Holding targets deals worth about 7.5 bln EGP within 18 months - CEO

CAIRO, Sept 7 (Reuters) - 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, the company’s Chief Executive Officer, Elwy Taymour told Reuters.

Pharos Holding, an investment bank in Cairo with private equity, asset management, securities brokerage and bookkeeping operations, is seeking to increase its financial portfolio by up to 2 billion pounds in 2018. (Reporting by Ehab Farouk; Writing by Amina Ismail; editing by Patrick Markey)

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