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FINANCIAL NEWS
Egypt-Naeem Holding to issue investments at EGP4bn this year
17 Apr 2017
(MENAFN) Naeem Holding Co. proclaimed that the firm is aiming to inject new investments worth EGP4bn in acquisitions and direct investment funds amid this year.
Moreover, one of those acquisitions will be implemented next month and this deal will show quantum leap for Naeem Holding due to the importance of the targeted firm.
The group is planning to expand its activities amid targeted acquisitions and will focus on the launch of a direct investment fund with a series of real-estate funds.
The first two deals were revealed of the Naeem Real Estate Fund that was worth EGP97mn: the Allianz Insurance firm with EGP52mn and the Employees Fund in the Sidi Kerir Co. with EGP45mn.
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MENAFN1704201700450000ID1095397690
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