Investors acquire 100% of Arab Finance
M&A WATCH- A group of investors have acquired 100% of retail-focused brokerage Arab Finance, according to a company release. The group includes former Pharos board member Mohamed Radwan and HC Securities Head of Asset Management Omar Radwan, who said that new investors in the firm have promised to inject substantial capital into the company to restructure and reposition the firm. Arab Finance’s upcoming plans rely heavily on leveraging technology and its own track record in online trading, they said. The value of the transaction was not disclosed.