#Public investment fund
The newly-established Saudi Egyptian Investment Co. (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), acquired stakes in four Egyptian companies for USD 1.3 billion (EGP 25 billion), Egypt’s Ministry of Planning and Economic Development said on Wednesday. The four companies, which are listed on the Egyptian Stock Exchange (EGX), are Abu Qir Fertilisers and Chemical Industries (ABUK.CA), Misr Fertilisers Production Company (MFPC.CA), Alexandria Container and Cargo Handling (ALCN.CA), and E-Finance for Financial and Digital Investments (EFIH.CA). “This deal…
