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Eastern Company

Strategic Shift: Eastern Company Witnesses 30% Ownership Transfer to Global Investments

The acquisition involves taking over a 30% stake in Eastern Company.

UAE’s Global Investment Holding Company acquires 30% stake in Eastern Company

According to the statement, Global Investment Holding purchased the 30% stake in Eastern Company for $625 million (EGP 19.336 billion)

6 Egyptian companies snag spot on Forbes ME’s top 100 listed companies

Saudi Arabia and the UAE dominated the annual ranking with 37 and 20 companies, while Egypt saw 6 companies on the lineup

Updated: Cigarette production license tender postponed to mid-April

Currently, government-controlled tobacco product manufacturer Eastern Company holds a decades-long monopoly on the industry