Pharos Brokerage obtains license to trade in foreign markets

CAIRO – 9 August 2017: The Egyptian Financial Supervisory Authority (EFSA) has awarded Pharos Securities Brokerage the license to trade in foreign markets, which enables the company to serve its clients all over the world, a Tuesday statement said.

“As part of our overarching strategy, we can now provide our foreign clients with a fully integrated brokerage service that will help us continue to facilitate and meet their business and investment needs and requirements.

With the new license, we have a better opportunity to achieve international outreach through partnerships across the world." CEO Elwy Taymour said.

After the license, Pharos will expand its services in a way that helps its clients and their long-term investment plans, Pharos COO Angus Blair stated.

“The EFSA license provides Pharos Securities Brokerage with an edge for our foreign institutions and foreign clients,” Essam Abdel Hafiez Pharos Managing Director said, adding “receiving this license will enable our clients to manage their portfolios trade efficiently and hassle free anywhere in the world.”