SAIB sells 8.53% stake in Flora
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Societe Arabe Internationale de Banque (EGX:SAIB) has sold its 8.53% in Pyramids Paper Mills (Flora) at a total value of EGP 3.85 million, SAIB announced in a filing to the Egyptian Exchange (EGX) on August 29th.
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Societe Arabe Internationale de Banque (EGX:SAIB) has sold its 8.53% in Pyramids Paper Mills (Flora) at a total value of EGP 3.85 million, SAIB announced in a filing to the Egyptian Exchange (EGX) on August 29th.
Misr Life Insurance downsized its stake in Al Shams Housing and Urbanization (EGX:ELSH) for EGP 15.293 million, according to a disclosure posted on Tuesday on the Egyptian Exchange (EGX).
valU, a subsidiary of EFG Hermes Holding (HRHO), has fully acquired Paynas, a digital platform that provides financial services to micro, small, and medium enterprises (MSME), according to a press release on August 22nd.
The Saudi Egyptian Investment Company, a newly launched investment firm of the Kingdom’s Public Investment Fund (PIF), has agreed to acquire minority stakes in four large listed Egyptian companies, with a total investment of $1.3bn.