Cairo – Mubasher: Pharos Holding for Financial Investments is looking to close two acquisitions worth a combined $50 million in the coming months.
Arab investors are currently showing interest in the Egyptian market amid the obstacles seen in the GCC markets, Pharos’ managing director and head of investment banking Noha El Ghazaly told Alborsa News.
The Egyptian investment bank aims to implement over 10 acquisitions in 2019, El Ghazaly added.
Pharos had managed around 15 merger and acquisition transactions, in addition to restructuring deals at a value of up to EGP 7 billion this year.
