HC Securities & Investment
HC Brokerage acted as the sole transaction broker for the buyer and the sellers.
HC clarified in a statement that CBE is expected to keep the interest rates at their levels due to the global high interest rate environment.
HC said that Egypt’s headline inflation in July came higher than the expectations of HC Securities & Investment by 1.5 percent.
HC also estimated in a report that the monthly inflation in July would record 1.5 percent due to the rise of electricity prices.
HC also expects the interest rate to be decreased by 800 basis points during 2018/2019, with an average rate of inflation that amounts to 13 percent.