Cairo – Mubasher: Pharos Holding for Financial Investments will manage two Initial public offerings (IPOs) at a value of EGP 1 billion per each in the first quarter of 2018, managing director and head of investment banking Sherif Abdel Aal told Alborsa News.
One of these IPOs will be in the non-bank financial services sector, Abd Aal added.
In September, Pharos’ CEO revealed that the company plans for transactions valued at EGP 7.5 billion ($423.5 million) over the coming 18 months.
Pharos Holding aims at boosting its managed portfolios to between EGP 1 billion and EGP 2 billion.
