A 360º Investment BankBased in Egypt

with an expanding regional presence and international standards of service in banking and non-banking financial services.



No.1Research House

in Egypt, covering 70+ EGX Listed Companies across 12 Sectors


Consistently Ranked Brokerage Company in Egypt YoY


Award Winning Investment Banking Transactions

In-House Data Based

Portfolio Management


Pharos Holding established.


Pharos Securities Brokerage began commercial operations and soon achieved 9th rank in turnover on the EGX.


Pharos Investment Banking acted as buy-side advisor in the management buyout of retail financing firm Contact Cars, in a transaction with an equity value of EGP 149 m. Pharos Securities Brokerage acted as sell-side broker for Abraaj Group’s leveraged buyout of Egyptian Fertilizer Company (EFC); with an equity value of EGP 7.1 bn, the deal was the largest private equity acquisition in the Middle East to that time.


Pharos Research, in partnership with MSCI Barra, launched a 43-constituent index, the Pharos Egypt Index, in January 2008 to track locally listed companies across nine sub-sector indices. Pharos Securities Brokerage obtained licenses for margin and intra-day trading as well as book-keeping. Pharos Asset management licensed and now manages EGP 4.55 Bn for retail, high-net-worth individual and institutional clients.


Pharos Securities Brokerage achieved fifth rank in both over the counter (OTC) and official market transactions on the EGX. Pharos Investment Fund Co. launched an EGP 25.0 m equity fund (Pharos I).


Pharos Holding was appointed by Orange Telecom as local financial advisor to evaluate its offer on Egyptian Company for Mobile Service Mobinil.


Taymour Family and Management bought out Qalaa Holdings share. Pharos Investment Banking acted as independent financial advisor to Global Telecom Holding, reviewing the terms of the proposed renewal of the shareholder loan granted by an indirect subsidiary of VimpelCom Limited with a principal amount of USD 2.5 bn plus accrued interest.


Pharos Investment Banking awarded the 2016 Mergermarket Middle East Consumer M&A Financial Adviser of the year. Pharos Investment Banking outperformed in the consumer market, closing 11 transactions worth EGP 8.5 bn.


Pharos Holding acquired a new license to facilitate trading for foreign clients worldwide through Egypt’s office. Pharos Investment Banking acted as the Sole Coordinator and Bookrunner for “A.T. Lease” Initial Public Offering in the Egyptian Stock Exchange with 37x overall oversubscription.


Pharos Holding named “Best Investment Bank in Egypt” By Global Finance Magazine’s exclusive annual survey of the World’s Best Investment Banks for the year 2018.

Pharos Securities Brokerage S.A.E., started operating with Tellimer – formerly Exotix Capital,  as its Chaperone Partner in meeting and trading with clients across the world.


Pharos Holding awarded the “Best Equity Research Company” for 2018. The global award is presented by the renowned International Finance Magazine an independent premium financial and business analysis magazine, published by UK’s International Finance Publications Ltd.


Expanding the scope and standards of our services to produce a superior offering to our clients.


We aim to use technology to transform the sectors we work in and help radically change people's lives; thus, allowing everyone to enjoy a healthier and more efficient journey. .

Mission - Vision



Driven Strategy

Pharos Holding’s values drive our strategy. They are the pillars upon which Pharos Holding is built. Integrity, Credibility, Transparency and Innovation; values incorporated in everything we do, everyday. The approach we take with each client, revolves around those key values. Other than being highly proficient in the technical areas of our business, we place the greatest emphasis on the personal service to all our clients. Our team is handpicked for their integrity, education, experience, relationships and expansive knowledge in their disciplines, allowing them to provide clients with creative and dynamic solutions objectively and professionally.

Our Values


Our main principle of leadership is Integrity.


Our Clients’ trust is earned, maintained and nurtured throughout our relationship.


Our deep knowledge of the market allows us to bring in an array of original and creative solutions.


We conduct our business with the highest degree of transparency, complying with Global Compliance Standards.

In Memory of Our Founder

To this day, Dr. Mohamed Taymour is considered one of Egypt’s finest financial minds. He is the reason why we are here today; his vision and emphasis on the essence of Pharos Holding’s business – personalized service extended to every one of our clients. With his immense know-how of the financial industry and the respect he commanded from his peers, Dr. Taymour has built a legacy that inspires respect and admiration; one that every one of us here at Pharos Holding take great pride in being a part of.

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Letter from the Group Chairman & CEO, Elwy Taymour

Since the founding of Pharos Holding in 2005 by the late Dr. Mohamed Taymour, we have managed to maintain an upward growth trajectory, growing from a provider of Financial Advisory and Private Equity services into a full-service Investment Bank and a non-banking financial services provider. Today, we have a solid presence throughout the region with our headquarters in Cairo and our Dubai office, Pharos Gulf Limited; a subsidiary of Pharos Holding, regulated by the DFSA. Our regional presence, long-term strategy and seasoned financial industry professionals come together to bring world-class financial services to institutional and individual investors in Egypt and the region. We have gone through major economic shifts and organizational changes over the past few years that we have come out of unscathed and served as key elements in our growth; a testament to our ability to leverage the bigger picture to our advantage. What has come to define the essence of Pharos Holding is our team’s ability to adjust its strategy and implement it with award winning results and consistent growth over the years. Our back-to-back successes and standing in the market are primarily due to our ability to work as a team at all times, guided by our values of Transparency, Credibility, Integrity and Innovation. I take great pride in our evolution over the years, moving into new business ventures and exploring new territories. Our expansion into a non-banking financial services group only adds to our depth as an institution, stemming from a deeply rooted belief that a sustainable business model can only be achieved through a balanced and diversified growth strategy. We have expanded our regional footprint with the opening of our Dubai office, allowing us to tap into the GCC and regional markets, and ideally positioning us to fulfill our primary strategic objective of attracting and driving foreign investments into Egypt. We are firmly on our way to continue our growth through a visionary strategy, strong leadership, a dedicated team of financial professionals, and a determined approach in the implementation of our future plans.


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Elwy M. Taymour

Group Chairman & Chief Executive Officer

Elwy M. Taymour is the co-founder of Pharos Holding for Financial Investments. He brings with him a 25+ years track record of progressive professional experience in financial markets. Prior to founding Pharos, Taymour gained extensive brokerage and investment banking experience at during his time at Merrill Lynch and EFG Hermes. He is also the Founder and Managing Director of ArabFinance, a regional financial website offering online trading for the Egyptian market.


He served as Vice President at Auerbach Grayson & Co., New York, where he was responsible for selling and marketing Arab markets to asset managers as well as the syndication desk for all GDR deals placed in the US market. In addition to his time at Auerbach Grayson, Taymour served as the Chief Financial Officer of LinkDotNet.


Taymour holds an MBA from Leonard N. Stern School of Business, New York University and a B.Sc in Industrial Engineering from the American University in Cairo.


Aladdin El Afifi

Managing Director & Co-Chief Executive Officer

Aladdin El Afifi joined Pharos Holding for Financial Investments in March 2018 as Managing Director and Co-Chief Executive Officer, with more than 19 years of financial investments and direct investments experience. Prior to joining Pharos, El Afifi led the team managing Qalaa Holding’s investments in mining, mining industries and waste management sectors. He was part of the downstream energy team that negotiated the framework agreement culminating in the establishment of the Egyptian Refining Company (ERC) - the USD 4.2 billion refinery in Mostorod - and the establishment of gas and electricity distributor, Taqaa Arabia. El Afifi previously worked in London as part of Goldman Sachs’s UK M&A and Industrials and Natural Resources teams. He started his career as an investment banker at EFG Hermes. He is a Chartered Financial Analyst (CFA), and holds an MBA from the Wharton School of Business with a concentration in Finance, Strategic and Entrepreneurial Management and a BA in Economics and Business Administration from the American University in Cairo.


Noha El Ghazaly

MD & Head of Investment Banking

Noha El Ghazaly joined Pharos as the Managing Director and Head of Investment Banking in May 2018. She brings with her more than 10 years of progressive professional experience in Financial Services and Investment Banking fields. Prior to joining Pharos Holding for Financial Investments, Ms. El Ghazaly served as Executive Director at HC Securities & Investment, Investment Banking Division and Board Member at HC Brokerage SAE. El Ghazaly joined the Investment Banking Division in HC Securities & Investment in October 2007, led and participated in the successful completion of 15 transactions worth USD 1.1 billion. She has a proven track record of achievements in advisory services on several acquisitions, divestitures, capital increases, debt raising, secondary public offerings, and corporate restructuring. Her transactions span multiple sectors including pharmaceuticals, banking and financial services, packaging and F&B. El Ghazaly started her professional career as an analyst at HC Securities & Investment. Throughout her successful career, Ms. El Ghazaly advised a solid base of reputable clients including Emirates NBD, Hikma Pharmaceuticals PLC, the Savola Group, the Middle East Glass Manufacturing Company and Qalaa Holdings. El Ghazaly holds a Masters of Business Administration from Edinburgh Business School, Herriot Watt University in UK and a BA in Economics from Cairo University.


Irini Raafat

Group Chief Technology and Digital Transformation Officer

Irini Raafat joined Pharos as the Group Chief Technology and Digital Transformation Officer in April 2019. She brings with her more than 25 years of solid experience as a senior business executive and a leader in the ICT field in the Middle Eastern region.

Prior to joining Pharos Holding for Financial Investments, Irini was the Co-founder & Associate Partner in Glint Consulting, a boutique consulting company that she co-founded and co-led. Glint offered Management Consulting and Private Equity services focusing on FinTech startups and was based in Dubai & Cairo serving the MENA region. 

Irini has also led the technical sales team in Microsoft MEA HQ to drive consistent execution across the entire region to grow market share and accelerate consumption of Microsoft Cloud & Enterprise solutions in both enterprise & government segments. In 2010, She was appointed as the Managing Director for LINK Development, a leading global technology solutions provider leading the digitization of private and public sectors and one of the largest development houses in the Middle East.

Additionally, Irini has a dominant role in the startup eco-system. She is a board member in Malaikah (Egyptian Angel Investors Association) and Egypt Fintech Association as well as other startups and NGOs and a mentor in several startup accelerator programs across Egypt.

Irini holds a Bachelor Degree in Computer Science from the American University in Cairo.



Fahmy Mostafa

Human Resources Director

Fahmy Mustafa joined Pharos Holding for Financial Investment in August 2018 as the Human Resources Director, with more than 20 years of diversified HR experience, gained from progressive responsibility and expertise in major multinational organizations across various fields ranging from Oil and Gas, FMCG, Pharmaceuticals, Retail and Financial Services. 


Fahmy developed organizations by supporting employees to achieve their personal and organizational objectives, transforming organizational cultures, and driving overall performance and effectiveness through innovative HR solutions and strategies. 


In addition to being a published author of “El shoghl we seneno – 2016 – Layan Publishing”, Fahmy is a career coach, part-time lecturer in several educational institutes including the American University in Cairo, as well as an international speaker in the HR field.


Fahmy Mostafa holds an MBA degree from the Arab Academy for Science, Technology and Maritime Transport majoring in HR. Mustafa is a Hay ® certified Job Evaluator, SHL certified assessor and Korn Ferry certified Talent Manager.


Hend Wahsh

Head of Marketing

Hend Wahsh heads the Pharos Holding for Financial Investments Marketing & Communication team since May 2017. She is tasked with the positioning of the firm and its business lines externally and internally.   With experience spanning over 13 years, having led internal teams and external partners in prestigious international financial institutions, Wahsh brings to Pharos Holding a fresh perspective in marketing and communication trends. She has a solid track record in the delivery of communication programs, event management, and strategic leadership, and continues to seek creative ways to garner engagement across departments and functions.   Wahsh holds a BA in Integrated Marketing Communications from the American University in Cairo and a professional certification in Digital Marketing Leadership.



Pharos Holding for Financial Investments is the majority owner of Pharos Securities Brokerage, Pharos Asset Management, Pharos Investment Banking and Pharos Gulf Limited. The essence of Pharos Holding is our team’s ability to adjust its strategy and implement it with award winning results and consistent growth over the years; and as part of Pharos commitment and acknowledgement towards its employees, Pharos Holding employees own 10% of the shareholders stake.


Corporate Governance

One of Pharos Holding’s priorities is overseeing the policies and processes that identify the principal risks to the business and the systems in place to address them. The Board of Directors and its committees are constantly reviewing strategies to identify, prioritize and manage risks and define roles and responsibilities. Pharos Holding’s policy framework ensures that management’s plans and activities are focused on generating optimum value to all stakeholders. Trust and integrity mark all of Pharos Holding’s efforts. Nurturing and enhancing the positive values that are already deeply ingrained in its culture, and adopting a proactive approach to implementing and refining corporate governance practices, is what ensures the integrity of all its transactions.