{"id":325184,"date":"2022-04-12T09:24:33","date_gmt":"2022-04-12T09:24:33","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325184"},"modified":"2022-04-12T19:35:29","modified_gmt":"2022-04-12T19:35:29","slug":"uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/04\/12\/uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion\/","title":{"rendered":"UAE\u2019s ADQ acquires stakes in five Egyptian listed companies for $1.5 billion"},"content":{"rendered":"

Abu Dhabi\u2019s wealth fund ADQ has acquired stakes in five companies listed on the Egyptian stock exchange (EGX) for 28.5 billion Egyptian pounds ($1.5 billion), according media reports<\/p>\n

ADQ is buying stakes in Egypt\u2019s biggest private lender and Commercial International Bank Egypt (CIB-Egypt) along with Egyptian e-payment giant Fawry, Abu Qir Fertilizer and Chemical Industries, Misr Fertilizers Production Company (MOPCO), and Alexandria Container and Cargo Handling Company.<\/p>\n

In March, ADQ agreed with Egyptian authorities to invest around $2 billion by buying state-held stakes in some companies, including the CIB.
\nPart of the deal with ADQ involves it buying around 18 percent of the CIB, Bloomberg quoted people, who asked not to be identified as the talks were still confidential, as saying.<\/p>\n

Last year, ADQ bought an Egyptian pharmaceuticals company from Bausch Health Cos., besides investing in a UAE supermarket chain expanding in the North African country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi\u2019s wealth fund ADQ has acquired stakes in five companies listed on the Egyptian stock exchange (EGX) for 28.5 billion Egyptian pounds ($1.5 billion), according media reports<\/p>\n","protected":false},"author":4,"featured_media":319789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,23],"tags":[61],"class_list":["post-325184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-money-markets","tag-abu-dhabi-wealth-fund"],"yoast_head":"\nUAE\u2019s ADQ acquires stakes in five Egyptian listed companies for $1.5 billion - egy-africa<\/title>\n<meta name=\"description\" content=\"Abu Dhabi\u2019s wealth fund ADQ has acquired stakes in five companies listed on the Egyptian stock exchange (EGX) for 28.5 billion Egyptian pounds ($1.5 billion), according media reports\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/04\/12\/uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s ADQ acquires stakes in five Egyptian listed companies for $1.5 billion - egy-africa\" \/>\n<meta property=\"og:description\" content=\"Abu Dhabi\u2019s wealth fund ADQ has acquired stakes in five companies listed on the Egyptian stock exchange (EGX) for 28.5 billion Egyptian pounds ($1.5 billion), according media reports\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/04\/12\/uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T09:24:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-12T19:35:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2020\/12\/Abu-Dhabi-Welcomes-More-Than-10-Million-International-Visitors-in-2018-32.jpg?fit=800%2C490&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"490\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aya Abdulghany\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aya Abdulghany\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/04\/12\/uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/04\/12\/uaes-adq-acquires-stakes-in-five-egyptian-listed-companies-for-1-5-billion\/\",\"name\":\"UAE\u2019s ADQ acquires stakes in five Egyptian listed companies for $1.5 billion - 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