Cairo – Mubasher: HC Securities & Investment (HC) is gearing up to close an investment deal to acquire a stake in an Egyptian service provider for EGP 400 million, the first of three deals worth EGP 4.5 billion managed by the company during the first half of 2020.

HC acts as the financial advisor for the three deals in line with its new strategy which focuses on direct investment and investment banking especially in the GCC region, along with providing conventional services in the capital market, the company’s chairman Hussein Shokry said in a statement on Sunday.

The Egyptian investment bank provides financial advisory for three acquisition deals; the first deal is for a UAE investor acquiring a Saudi education firm, the second is for a European investor buying two food companies in Egypt and Jordan, and the third is for a Saudi investor taking over a Saudi food firm, Shokry added.