Arqaam Capital

Porto Group Appoints Arqaam Capital as Exclusive Financial Adviser for GDR Program

Sunday, February 12, 2017

Arqaam Capital, the specialist emerging and frontier investment bank, today announced that it has been appointed by Porto Group S.A.E, a leading Egyptian real estate developer listed on the EGX with flagship projects across Egypt and the region, to serve as its exclusive financial advisor on the setting up of its Global Depository Receipt (GDR) program on the London Stock Exchange (LSE).

Arqaam Capital will be working closely with the company's management and board of directors on the optimal structure of the program, which is expected to be completed in the second half of 2017. The program aims to avail the company of a new pool of international institutional investors who prefer to invest in the Egyptian Stock Exchange through dollar-denominated Depository Receipts rather than investing directly in the local currency shares.

Sherif El-Helw, Executive Director at Arqaam Egypt commented: "We are excited to support Porto Group in its long-term capital raising strategies. This engagement marks yet another important milestone for Arqaam Egypt in its efforts in establishing itself as a "go to" Equity Capital Markets advisor to leading Egyptian institutions.

In less than a decade, Arqaam Capital has grown into a well-established investment bank operating four business segments, sales & trading, investment banking, asset management and alternative investments. Arqaam Capital is one of the top institutional full service brokers in the MENA region via seats in Middle Eastern and African exchanges, supported by a strong network of local executing brokers. Arqaam covers more than 300 listed companies in the Middle East and Africa region across 27 countries and a wide range of sectors. The firm provides the largest global coverage of MENA equities representing over 60% of GCC market capitalization

Founded by Chairman and CEO Mansour Amer in 2005, Porto Group became publicly listed on the Egyptian Stock Exchange (EGX) following its spin-off from Amer Group. Porto today represents one of the leading real estate development platforms operating in Egypt and regionally. Porto's first flag ship project was Porto Marina, a resort in Marina on the North Coast of Egypt overlooking the Mediterranean Sea. Ten years later from the white, sandy beaches along the Mediterranean coast to the Dead Sea in Jordan, Porto branded resorts now encompass over 30,000 units across 15 developments located throughout Egypt and the Middle East and North Africa. With primary and secondary home developments in Cairo, the North Coast, Red Sea, Sharm El Sheikh, Matrouh, the Dead Sea, and Agadir, Porto Group has established itself as a leader in the real estate and hospitality industry.

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Arqaam Capital Limited
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United Arab Emirates
Tel: +971 (0)4 507 1700