Al Ahly Capital, the investment arm of the National Bank of Egypt, recently completed procedures to acquire a 51% stake in Easy Lease, a subsidiary of El Sewedy Capital
The report showed that in 2023, the total volume declined by 53% to reach 139 deals and the deal value declined by 62% to reach $3.48 billion
ADQ and ADNEC will invest through a special purpose vehicle, with 49% equity ownership by ADQ and 51% by ADNEC
After the successful closure of this acquisition, Raya Holding will own 90% of Ostool’s capital according to its Egyptian Exchange (EGX) disclosure
Announced in June, the update on the acquisition comes after the BoD received and accepted a report by BDO for Financial Consulting regarding the fair value of B Investments’ share price and the share swap ratio
