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Acquisitions 2021

Raya Holding sells off BariQ Technologies

According to statement to the Egyptian Exchange, Raya Holding has signed a contract with Intro Waste Management to sell 100 percent of its stake in BariQ

Bank Audi begins 100% share transfer to FAB, full integration by 2022

Following share transfer completion, this acquisition will make FAB one of Egypt’s largest foreign banks by assets

Real Estate Moves: SODIC hires financial advisors for Aldar acquisition offer

The consortium of investors led by Aldar Properties have submitted a potential cash acquisition for no less than a 51 percent stake of SOCDIC

Hermes to acquire 76% of aiBANK, aiBANK’s FV estimated as LE1.1B

With the deal, EFG Hermes will own 51 percent of the bank, while the Sovereign Fund of Egypt will hold a 25 percent interest

ArabyAds acquires influencer platform Dmenta

Founded in 2013 in Egypt, ArabyAds now holds offices in Cairo and Amman and plans to expand to Saudi Arabia