ADQ Agrees to Invest Sizable Amounts in Egyptian Companies
Posted on 03/22/2022
Abu Dhabi Developmental Holding Company (ADQ) agreed to invest around US$ 2 billion in Egypt by purchasing state-held stakes in some companies. Part of the deal includes ADQ purchasing an estimated 18% of Commercial International Bank, which is estimated to be half of the US$ 2 billion figure. In addition, ADQ is buying stakes in…
