{"id":325970,"date":"2022-08-10T13:54:29","date_gmt":"2022-08-10T13:54:29","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325970"},"modified":"2022-08-10T13:54:29","modified_gmt":"2022-08-10T13:54:29","slug":"saudis-public-investment-funds-arm-buys-stakes-in-four-egyptian-firms-for-1-3bn","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/08\/10\/saudis-public-investment-funds-arm-buys-stakes-in-four-egyptian-firms-for-1-3bn\/","title":{"rendered":"Saudi\u2019s Public Investment Fund’s arm buys stakes in four Egyptian firms for $1.3bn"},"content":{"rendered":"

The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi\u2019s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian companies at a value of $1.300 billion.<\/p>\n

The four companies are Abu Qir Fertilizers, Misr Fertilizers Production Company (Mopco), Alexandria Container and Cargo Handling Company, and e-finance For Digital and Financial Investments, Egypt\u2019s Ministry of Planning and Economic Development announced on Wednesday.<\/p>\n

The four firms are listed on the Egyptian Exchange (EGX).<\/p>\n

<\/div>\n

The transaction comes in light of Egypt\u2019s plan to expand ownership base and encourage direct foreign investment, said Egypt\u2019s planning minister, Hala H. Elsaid.<\/p>\n

Elsaid further noted that the deal reflects foreign investors’ confidence in the Egyptian economy, one of the promising strategic markets that provides many attractive investment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi\u2019s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian companies at a value of $1.300 billion.<\/p>\n","protected":false},"author":2,"featured_media":320524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,33],"tags":[],"class_list":["post-325970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest","category-main"],"yoast_head":"\nSaudi\u2019s Public Investment Fund's arm buys stakes in four Egyptian firms for $1.3bn - egy-africa<\/title>\n<meta name=\"description\" content=\"The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi\u2019s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian companies at a value of $1.300 billion.\" \/>\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\/08\/10\/saudis-public-investment-funds-arm-buys-stakes-in-four-egyptian-firms-for-1-3bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi\u2019s Public Investment Fund's arm buys stakes in four Egyptian firms for $1.3bn - 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