Completing the integration will contribute to strengthening the size of the new entity and its local presence across the country, explained FABMISR CEO Fayed
SODIC aims to fully acquire the company from parent company Orascom Development Egypt, according to a statement to the Egyptian Exchange (EGX) today
Bloomberg Asharq previously reported the potential deal back in early September, stating that QIA was negotiating to purchase 25% of Vodafone Egypt
In a separate interview with Al Arabiya, Sherif mentioned that Aldar Properties, which owns the majority stake of SODIC, has a strategy to expand in Egypt that includes new acquisitions
In a shareholder meeting during a general assembly yesterday, a majority of shareholders vetoed SODIC’s request to begin due diligence
