Once completed, Orascom Construction PLC will hold 100% of the total share capital of the three companies
SweepSouth’s acquisition of Filkhedma will position the SA platform as one of the few African startups that will operate in the continent’s 4 key tech ecosystems as it expands into Egypt
Aldar aims to purchase 90% of SODIC’s shares, around 320.6 million shares, at a price of EGP 20 per share, totaling at around EGP 6.4 billion
EFG Hermes will be taking control over aiBank in partnership with the Financial Services & Fintech sub-fund, a sub-fund owned by the Sovereign Fund of Egypt (TSFE)
The climb reflects global and Middle East trends, with global M&A activity recording a strong rebound during H1 2021 as total deal values soared by 120%
