A 360º Investment BankBased in Egypt

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

Lighthouse

Statistics

EGP4.55

AUM in Q3-2018 and Growing

No.1Research House

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

Top5

Consistently Ranked Brokerage Company in Egypt YoY

EGP76Billion

Award Winning Investment Banking Transactions

2005

Pharos Holding established.

2006

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

2007

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.

2008

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.

2009

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).

2010

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

2014

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.

2016

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.

2017

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.

2018

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 Exotix USA, Inc. as its Chaperone Partner in meeting and trading with clients across the USA.

Mission

Expanding the scope and standards of our services to offer a mix of services to our clients that is unrivaled in the region. Providing top-notch service to our clients, and bridging the gap between investors and the Egyptian market.

Vision

Expanding to become the region’s leading Investment Bank with an unrivaled non-banking financial services offering..

Mission - Vision

Values

Values

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

Integrity

Our main principle of leadership is Integrity.

Credibility

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

Innovation

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

Transparency

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.

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.

Signature

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Leadership

Elwy M. Taymour

Group Chairman & Chief Executive Officer - Pharos Holding for Financial Investment

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.

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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.

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Angus Blair

Chief Operating Officer

Angus Blair joined Pharos Holding in January 2016 as Chief Operating Officer, with more than 30 years of experience in investment banking, asset management, equities and research in developed and emerging markets. Blair holds several awards for his expertise in the Middle East and North African (MENA) economies and capital markets, that include “No. 1 Institutional Investor Analyst" and "Global Emerging Markets Superstar" by Global Finance. He helped lead major ECM transactions, leading to the opening of the MENA region’s capital markets, including the first GDR in Egypt (CIB) and the first fund to allow foreign investors into Saudi Arabia (USD 250 million SAIF Fund) among others. Blair continues to build on his long-term connections to businesses across the MENA region for Pharos to develop its long-term business expansion strategy. He sits on the inter-governmental Egyptian British Business Council, advising on increasing trade relations and business between Egypt and the United Kingdom.

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Essam Abdel Hafiez

MD & Head of Pharos Securities Brokerage

Essam Abdel Hafiez joined Pharos Holding in 2007 and moved up to become Managing Director of Pharos Securities, with 25+ years of experience in the equities market. Prior to joining Pharos, Adbel Hafiez was the Head of Local Institutions and OTC Sales at ABN AMRO and Head of Trading at Delta Rasmala. During his time there, he supervised a number of the stock market’s acquisition deals; he is a highly regarded member of Egypt’s and the Arab World’s brokerage community. Abdel Hafiez’s efforts, together with his colleagues helped transform Pharos into one of the top three brokerage houses in Egypt.

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Noha El Ghazaly

MD & Head of Investment Banking

Ms. 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. Ms. 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. Ms. 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. Ms. 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.

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Radwa El Swaify

MD & Head of Pharos Research

Radwa El Swaify brings with her 18 years of experience in investment advisory. El Swaify joined Pharos Holding as Head of Research in 2016, making the move from Beltone Financial, where she was the Head of Regional Equity Research. Prior to that, El Swaify served as Financial Sector Specialist with The World Bank Group in Washington D.C., and was the Sector Head for Financial Institutions Research at Beltone Financial. Her vast experience in the industry includes working closely on several countries in the MENA and Latin American regions, closing numerous corporate finance transactions in the MENA region during her time at HC Securities and Investment, where she began her career in Egypt. El Swaify holds an MBA and BA in Business Administration from The American University in Cairo (AUC).

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Ahmed El Ashi

MD of Fixed Income - Pharos Asset Management

Ahmed Yehia El Ashi joined Pharos Asset Management in February 2018 as the Managing Director of Fixed Income, bring with him more than 17 years of experience in the financial services sector, specifically in asset management and commercial banking. Prior to joining Pharos, El Ashi was the Head of Fixed Income desk in Rasmala Egypt, where he achieved top performance for the period ending 31st of December 2017, with a track record of successful portfolio and fund management with an emphasis on increasing assets under management. Preciously, El Ashi was the Head of Money Market Funds, Deputy Head of the Fixed Income desk, Portfolio Manager, Fixed Income and Money Market at Beltone Asset Management, Senior Corporate Trader at Arab Bank Treasury Department of Arab Bank plc, and Senior Relationship Manager at Global Asset Management & Private Banking Arab Bank. El Ashi also has experience working within other banks during his career, including Mashreq Bank, Dubai and Citibank. El Ashi holds a Bachelor of Accounting & Finance at Modern Sciences and Arts University (MSA), and holds a Masters of Science in Global Banking & Finance from the European Business School (EBS) at Regents College, London.

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Ismail Shoukry

Chief Executive Officer – Pharos Gulf Limited

Ismail Shoukry brings to Pharos Holding more than 20 years of Regional Corporate and Investment Banking experience with International, Regional and Egyptian Investment Banks. He is the CEO of Pharos Gulf Limited, a recently incorporated UAE DIFC subsidiary of Pharos Holding for Financial Investments SAE, licensed and regulated by the Dubai Financial Services Authority (DFSA) to provide Financial Advisory and Capital & Debt Raising services. Prior to joining Pharos, Shoukry worked at HSBC Middle East (Dubai) as MENA Head of Structured Finance and Head of Corporate Banking, UAE Large Corporates. He also worked at Société Générale Corporate & Investment Banking (SGCIB Dubai) as Managing Director and Head of Corporate Coverage Middle East. Prior to that, Shoukry also worked in Dubai with NBK Capital and ABN AMRO. Between 1992 and 2004, Shoukry worked in Egypt with Swicorp Sigma Egypt and HC Securities & Investment, and before that as an Economic Assistant to the Minister of State for International Cooperation working on the Egyptian Economic Reform Program. He holds an MSc in Finance from London Business School (LBS) and a BA in Economics from the American University in Cairo (AUC). He is fluent in Arabic, English and French.

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Shareholders

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.

Governance

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.