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FINANCIAL NEWS
Saudi Savola to invest USD 100mn in Egypt subsidiary
30 Mar 2016
(MENAFN) Saudi Arabia’s main food products firm, Savola Group proclaimed that it will invest USD 100mn in one of its indirect subsidiaries in Egypt.
Moreover, the investment in United Sugar Co. of Egypt (USCE) will involve a fresh juice injection of USD 50mn, as well as existing debt of USD 50mn to equity.
In addition, the firm’s share in USCE will be reduced from 19.32 percent to 10.37 percent, while an indirect Savola subsidiary will cut 56.65 percent to 30.42 Pct.
The European Bank for Reconstruction and Development (EBRD) will invest in 33 projects, with a cumulative investment of USD 1.9bn.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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