According to Bloomberg, the PIF is almost done with its due diligence on the transaction and plans to purchase the bank through its Egypt-based investment vehicle
According to Enterprise, SEIC could be appointing two of its members to B.TECH’s board
News circulated around local and regional media outlets on Sunday that the PIF was looking to acquire a stake in the two companies, as well as an unnamed bank
The newly-launched Saudi Egyptian Investment Company (SEIC) has acquired minority stakes in 4 Egyptian companies worth around $1.3 billion
The company is looking to invest various Egyptian sectors, including infrastructure, real estate, healthcare, financial services, food and agriculture, manufacturing, and pharmaceutical
