ArabFinance: Prime Holding’s (PRMH) board approved on June 25 submitting an acquisition proposal to Pharos Holding for Financial Investments, as per a Wednesday bourse filing.

As per the proposal, Prime would acquire 100% of the shares of Pharos Holding in Pharos Securities Brokerage and Pharos Investment Banking.

The deal closure is subject to the due diligence and finalization of the acquisition agreement.

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