FAB «Al Awal» Daily Cumulative Return Fund for Liquidity is re-opened now for subscription till the allowed limit is reached. To invest in the fund, please visit the nearest branch, hotline: 19977

Securities & Investment

Month: August 2021

HC Brokerage cooperates with Contact Factoring to launch the First Margin Lending Factoring Program with EGP 400 mln

Posted on by Marwa Nakhla

  • HC Brokerage signed a cooperation agreement with Contact Factoring for launching the first margin lending factoring program, aimed at financing HC retail clients interested in Margin Trading, with a total value of EGP400mm. This program will contribute in growing the trading volume in the Egyptian stock market and allows easier access to financing for retail and institutional clients.

This HC Contact cooperation comes in line with the decisions of the Financial Regulatory Authority to allow factoring companies to provide quick loans for the retail clients of brokerage companies who offer margin trading. This cooperation conveys Contact’s confidence in HC as one of the biggest brokerage companies in Egypt, based on the trading volume and array of services that HC provide to a large base of clients, both institutions and retail.

Hassan Choucri, Managing Director of HC Brokerage, affirmed that this agreement allows great opportunities for a multitude of stock market investors across all segments, by facilitating the needed financing through the first margin lending factoring program. He noted that HC concluded this deal based on its extended expertise in the stock market, as well as its strong relations with its clients and NBFS companies.

He added that “Brokerage companies mainly depended on their own resources to serve margin traders. Given the current interest in encouraging small retail investors to trade and spread the culture of stock market investments, such agreements offer great opportunities for injecting new money, where clients can trade with larger sums, which in turn increases the market liquidity and creates a better investment environment.”

 -Ends-

About HC Brokerage

  • HC Brokerage has rapidly developed into one of the top brokerage firms in Egypt. HC Brokerage provides its services to a wide client base of corporate institutions and High Net-Worth Individuals. Since 1999 HC Brokerage has developed a growing client base that has benefited from a multitude of services and a trusted team that aims for the utmost benefit and client satisfaction.
  • HC Brokerage is a subsidiary of HC Securities & Investment, one of the most distinguished investment banks in Egypt and the Middle East which was established in 1996 and has fully operational offices in Egypt and the middle east.
  • HC Brokerage provides its clients with a wide- array of services, including: Brokerage for securities listed on the Egyptian Exchange and Brokerage for Global Depository Receipts (GDRs) issued by Egyptian companies and listed on the London Stock Exchange. In addition, Brokerage for Sovereign and Corporate bonds, Intermediation for transactions involving unlisted securities in the Egyptian over-the-counter (OTC) market and listing of companies on the Egyptian Exchange. HC Brokerage also provides Online-trading services, bonds and foreign securities trading.

HC’s strategy in 2021 and 2022

Posted on by Marwa Nakhla

In an interview with Reuters, Hussein Choucri, Founder, Chairman and managing Director of HC Securities and Investment shared his views on the Egyptian economy and HC’s strategy for 2021/2022.

  • HC’s strategy: Choucri confirms that there is no intention to sell the company

  • HC is about to close two acquisitions worth a total value of EGP5bn.

  • HC’s strategy for 2022 includes working on acquisitions with EGP4bn

  • HC Brokerage aims at launching two new branches besides its eight branches.

  • In 2021, HC sealed two deals as it acted as a co-advisor for MAC Beverages Ltd and its affiliates on the sale of a 52.7% stake in Coca-Cola Egypt for $427mm.

  • HC acted as co-advisor to Saudi food giant Almarai on the acquisition of 100% shares in Bakemart UAE and Bahrain in a deal worth USD25.5bn

  • Recently, HC Brokerage signed a cooperation agreement with Contact Factoring for launching the first margin lending factoring program, aimed at financing HC retail clients interested in Margin Trading, with a total value of EGP400mm.

  • HC’s assets under management reach EGP6.8bn.

HC Securities & Investment

HC Securities & Investment (HC) is a leading investment bank in Egypt and the MENA region. Since its inception in 1996, HC has leveraged its relationship-driven insights, local and regional market knowledge, industry-specific expertise and strong execution capabilities to provide its clients with a wide range of services in investment banking, asset management, securities brokerage, research, custody, online trading and private equity through its offices in Egypt and the UAE (DIFC). HC Investment Banking has an outstanding track record of advising leading corporates in Egypt and the MENA region on M&A, capital market, and financing transactions in excess of USD 5.9bn. HC Asset Management, now manages 9 onshore mutual funds for commercial banks and portfolios for institutions and sovereign wealth funds with assets under management in excess of EGP 7bn. HC Brokerage is ranked among the top brokers in Egypt and provides a wide array of services, including research and online trading to institutional and retail clients.

HC acted as co-advisor to MAC Beverages Ltd and its affiliates (“MBL”) on the sale of their 52.7% stake in Coca Cola Bottling Company of Egypt

Posted on by Marwa Nakhla

  • HC Securities & Investments (“HC”) acted as co-advisor to MAC Beverages Ltd and its affiliates (“MBL”) on the sale of their 52.7% stake in Coca Cola Bottling Company of Egypt (“CCBCE”), as a part of Coca Cola HBC Holdings B.V (“CCH Holdings”) acquisition of 94.7% of total CCBCE’s shares for an agreed total combined purchase price of US$ [427] million, subject to certain adjustments.

The parties of Coca Cola transaction have entered into definitive agreements. The transaction is expected to closing in late Q4 2021, subject to satisfaction of various conditions, including the receipt of certain lenders consents under CCBCE’s existing loan facilities and certain regulatory and other conditions.

Mohamed Aburawi, Head of Investment Banking at HC commented: “We are pleased to support MBL on this landmark transaction. HC has developed a long term relationship with MBL for more than a decade advising MBL on a number of high profile transactions in the F&B and packaging sectors. This transaction testifies of Egypt’s attractiveness as a promising investment destination offering great business opportunities appealing to prominent international strategic investors”

End –

About HC Securities & Investment

HC Securities & Investment is a leading investment bank in Egypt and the MENA region. Since its inception in 1996, HC has leveraged its relationship-driven insights, local and regional market knowledge, industry-specific expertise and strong execution capabilities to provide its clients with a wide range of services in investment banking, asset management, securities brokerage, research, custody, online trading and private equity through its offices in Egypt and the UAE (DIFC). HC Investment Banking has an outstanding track record of advising leading corporates in Egypt and the MENA region on M&A, capital market, and financing transactions in excess of USD 5.9bn. HC Asset Management, now manages 9 onshore mutual funds for commercial banks and portfolios for institutions and sovereign wealth funds with assets under management in excess of EGP 7bn. HC Brokerage is ranked among the top brokers in Egypt and provides a wide array of services, including research and online trading to institutional and retail clients.