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Egypt’s investment bank, Pharos Holding is planning to establish soon a direct equity fund in cooperation with some investors, its chairman Mohamed Taymour announced Sunday.
The capital of the anticipated fund will exceed one billion Egyptian pounds ($112.6 million), Taymour told Amwal Al Ghad on phone.
Pharos Holding for Financial Investments offers a wide range of financial services, including Investment Banking, Asset Management, Securities Brokerage, Online Trading, Research and Bookkeeping, all specializing in the Egyptian market.
