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FINANCIAL NEWS
Dubai’s Arabtec to sell stake in its Egypt’s business
03 Jun 2014
(MENAFN) Dubai-based construction firm Arabtec Holding has announced its plan to sell 50 percent stake of its Egyptian unit in an initial public offering in the Cairo stock exchange in 2016, 2017, according to Arabian Business.
The company said that the unit’s value is expected to reach USD10 billion.
Arabtec plans also to invest USD60 billion in Egypt in three years in major sectors, mainly real estate, infrastructure, trains, airports, and oil and gas.
The company will take into consideration factors outside its control, such as Egypt’s political and economic stability in the wake of its 2011 revolution.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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