ADQ and ADNEC will invest through a special purpose vehicle, with 49% equity ownership by ADQ and 51% by ADNEC
SODIC aims to fully acquire the company from parent company Orascom Development Egypt, according to a statement to the Egyptian Exchange (EGX) today
Trading kicked off after the end of ADC’s public subscription to retail and professional investors, and has raised a total of AED 367 million through an initial public offering (IPO)
The “Industrial Partnership for Sustainable Economic Growth” is a tripartite strategy that aims to support and boost industrial integration between the three countries to serve their development goals
The disclosure comes only a few days after the ADQ announced its intention to invest up to $2 billion in the Egyptian market by purchasing state-owned stakes in a number of companie
