A consortium comprising CIB Egypt, Al Baraka Bank Egypt, Misr Insurance, and Misr Life Insurance is close to acquiring a majority stake in B Investments Healthcare, a subsidiary of B Investments Holding.
In a disclosure to the Egyptian Exchange (EGX), B Investments announced that B Investments Healthcare is nearing final approvals to increase its capital to EGP 1 billion by bringing in new investors, including CIB, Al Baraka Bank Egypt, Misr Insurance, and Misr Life Insurance. The capital raise will also see participation from existing shareholders, notably the Egypt Sub-Fund for Healthcare and Pharmaceutical Services—part of the Sovereign Fund of Egypt—alongside a private investor.
The planned capital injection aims to finance an ambitious expansion strategy in Egypt and select Gulf markets, strengthening the company’s presence in the healthcare sector locally and regionally.
Earlier, the Egyptian Competition Authority announced that CIB and Al Baraka Bank Egypt intended to acquire shares in B Investments Healthcare, in a deal granting them joint control alongside Misr Insurance, Misr Life Insurance, the Egypt Sub-Fund for Healthcare and Pharmaceutical Services, B Investments Holding, and businessman Ahmed Sami Abdel Maqsoud Ibrahim Omara.
