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.
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HC’s strategy: Choucri confirms that there is no intention to sell the company
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HC is about to close two acquisitions worth a total value of EGP5bn.
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HC’s strategy for 2022 includes working on acquisitions with EGP4bn
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HC Brokerage aims at launching two new branches besides its eight branches.
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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.
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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
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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.
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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.
