Saudi Egyptian Investment Co. Invests USD 1.3 Billion in State-Owned Egyptian Companies
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The newly-established Saudi Egyptian Investment Co. (SEIC), owned by Saudi Arabia’s state-owned Public Investment Fund (PIF), acquired stakes in four Egyptian companies for USD 1.3 billion (EGP 25 billion), Egypt’s Ministry of Planning and Economic Development said on Wednesday. The four companies, which are listed on the Egyptian Stock Exchange (EGX), are Abu Qir Fertilisers […] The post Saudi Egyptian Investment Co. Invests USD 1.3 Billion in State-Owned Egyptian Companies first appeared on...

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