As our network continues to add more and more high-quality partners like Pharos, Exotix Capital is uniquely placed to deliver superior local insight and actionable intelligence that simply is not available anywhere else.”For his part, Group Chairman and CEO of Pharos Holding Elwy Taymour stated: "The global agreement with Exotix is an exciting step for Pharos as it plugs us into a very much larger network of global clients. This growing network should drive both Pharos and Exotix to increase our joint share of international investment flows. As Egypt's IPO program recommences in 2019, this relationship also offers the potential to increase the exposure of Egypt's capital markets to new institutional clients. "Pharos Holding Chief Operating Officer, Angus Blair, said that "This deeper relationship with Exotix should help to build a deeper and more sustainable strategy for long term growth for Pharos and for Exotix, as well as offering an increasingly attractive product offering to global investment institutions. "Early in 2018, Pharos and Exotix signed a "Chaperone Agreement" which is required to meet and trade with clients across the USA to trade in the Egyptian Market.

Source: Egypt Today December 06, 2018 15:56 UTC