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Pharos was exclusive sell-side advisor to Spinney’s in Investec acquisition
Pharos Investment Banking served as exclusive sell-side advisor to Spinney’s in the sale of a controlling stake in the supermarket…
Banking
HC Securities’ brokerage arm receives short-seller license
HC Securities’ brokerage arm became the latest investment bank to receive a license approval from the Financial Regulatory Authority to…
Egypt’s Baraka Bank to launch sharia-compliant daily return mutual fund
Al Baraka Bank is planning to launch a sharia-compliant investment fund that pays out dividends on a daily basis, Al…
What we’re tracking on 15 July 2019
Al Mashat in the US, talks tourism reform, promotion: Tourism Minister Rania Al Mashat met this week with International Monetary…
Attijariwafa Bank looking to set up EGP 150 mn insurance arm in Egypt
Attijariwafa Bank has submitted a license request to the Financial Regulatory Authority (FRA) to set up an insurance company in…
FRA issues new guidelines for takaful insurers switching to conventional policies
Mutual guarantee “takaful” insurance providers looking to make a switch to offering conventional insurance plans will now have to comply…
Egypt’s market regulator grants UE Lease approval to offer factoring services
Arabia Investments Holding’s UE Lease has received preliminary approval from the Financial Regulatory Authority (FRA) to begin offering factoring services,…
FRA grants Prime Holdings brokerage arm short-selling license
The Financial Regulatory Authority (FRA) approved granting Prime Holdings a short-seller’s license, local press reported on Thursday. Prime’s brokerage arm…
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