The Sovereign Fund of Egypt (TFSE) to discuss the possibility of purchasing a minority stake in the United Bank and the Banque du Caire
On Saturday, GIH announced that it bought 669 million shares in state-owned Chemical Industries Holding Company (CIHC)’s subsidiary Eastern Company
CIHC sold approximately 669 million shares to Global Investment Holding
The source stated that both the CBE and KIA will divest 20% each from AAIB to a strategic investor and a stake sale on the Egyptian stock exchange
Within the agreement, Egypt will encourage investors to establish joint projects in sectors of national priority.