Investment Bank
Expanding across the board, and bidding to manage some upcoming public companies’ IPOs, Pharos is on an upward curve, and CEO Angus Blair tells us how.
It said on Thursday it would reduce global headcount to well below 90,000 from the current 97,000.
The move is aimed at creating much-needed liquidity for the company’s shareholders and a cash buffer to repay its debt, the sources said.
European Union leaders agreed on Wednesday to try to keep the Iran nuclear deal alive and maintain their reviving economic cooperation with Tehran.
The cuts will result in job losses and include a scaling-back of its business with hedge funds. The bulk of the cuts will focus on the United States and Asia.
Prime Holding signed a contract to manage an initial public offering (IPO) on the Egyptian Exchange (EGX) for a company operating in the education sector with LE 500 million ($28.26 million) as initial capital.
The projects that the bank was targeting were worth at least $250 million in investments.
The investment banking division contributed LE 21 million in Q3.
Under the partnership, Al Rajhi will offers access and execution opportunities for CI Capital's institutional clients.
A number of 290 investors working in 10 industries spanning 20 countries, as well as fund managers gathered to exchange market insights.
The solid growth of the advisory, brokerage and asset management businesses helped the group’s revenues exceed the LE 1 billion mark for the quarter.
EGF Hermes Kenya Ltd has obtained brokerage business license in Kenya, after obtaining the approval of Kenya Capital Markets Authority.
Renaissance Capital confirmed Thursday that a Cairo office will be opened this year, expecting to complete the necessary approvals within a few months, a press release stated
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