Saudi sovereign fund acquires stakes in 4 Egyptian government companies ...Egypt

The Saudi sovereign fund acquired minority stakes in four Egyptian government companies, at a value of US$1.3 billion. The acquisition came in favor of the Saudi Egyptian Investment Company, a subsidiary of the Saudi sovereign fund, which announced the establishment of the company a few days ago. The company’s investments are concentrated in the agricultural and industrial fields. A statement by the Ministry of Planning and Economic Development in Egypt, on Wednesday, stated that the companies in which the minority stakes were acquired are: Abu Qir Fertizilers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling, and payments firm E-Finance fo

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