The Arab Gulf Investment Company, headquartered in Abu Dhabi, has acquired stakes in three strategic companies in Egypt.
According to Arabiya Net, the Arabian Gulf Investment Company acquired stakes in the Egyptian Company for Integrated Systems and Industry, which are factories for strategic medical supplies, led by them. Production of self-destruct syringes for the first time in Egypt and Africa The volume of demand in Egypt comes only from self-destruct syringes to 2 billion syringes annually.
A stake was acquired in EasyCash for electronic payment, and it is the first company specialized in the field of electronic wallets and licensed by the Central Bank of Egypt, through the EasyCash wallet. Which offers mobile payment services via QR payments technology as an alternative method for cash transactions, and Easy Cash has a plan in place to expand in the Egyptian market, GCC countries and North Africa.
A stake was also acquired in Health Technology for Advanced Technology and Public Health, a company that owns a global brand factory in the world of medical supplies industry, specifically in the field of medical reagents. Diagnostic and has contracts in Egypt, the Gulf Cooperation Council and some African countries.
The acquisition was announced in the presence of Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investment Company, and Eng. Abdeen Ibrahim Arida, Chairman of Easy Cash for electronic payment and Chairman of the Board of Directors of the Company. Healthy Technology for Advanced Technology and Public Health and Chairman of the Board of Directors of the Egyptian Company for Embedded Systems and Industry.
Khalifa Saif Al-Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investment Company, said this step comes within the company's strategy to expand investment in the Egyptian market in light of the encouraging investment climate provided by the Arab Republic of Egypt. As it pays great attention to industry and digital transformation, we hope that in the coming period we will continue to strengthen our presence in a number of important investment sectors. The Arab Gulf Investment Company will also study several investment opportunities in Egypt in the real estate, service, logistical and commercial sectors, which will be announced before the end of the year. In the first quarter of next year, these investment expansions come as part of a series of steps to expand in regional and global markets.
Al-Muhairbi added: For years, we have opened a regional office in the Egyptian capital, Cairo, to explore investment opportunities in Egypt and the North African region, and we are pleased to cooperate with our new partners, And striving to expand the business of these companies, and raise their performance in line with our aspirations and ambitions.
