Latest in Day: October 26, 2021 Highlight

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Latest in Day: October 26, 2021


Raya Holding completes sales of BariQ for Advanced Industries in EGP 570m deal

This comes after Raya Holding agreed, at the end of last April, to the offer submitted by the Intro Company, owned by businessman, Mamdouh Abbas, to buy up to 100% of BariQ’s shares in a deal worth EGP 490.750m. Under the deal, Intro Waste Management bears dues from BariQ in the form of carried forward profits and financial transactions between sister companies under the umbrella of Raya Holding worth EGP 74.8m, which brings the total value of the concluded sale deal to EGP 570m.

Daily News Egypt

CIB included in 2021 Bloomberg Gender-Equality Index

CIB signs MoU with Expolink to boost exports to Africa

The association said, in a statement today, that following the MoU, cooperation, and coordination will take place between the two parties to ensure the strategy for developing exports to African countries is successful, through five areas of cooperation. They include activating and developing the exports of Egyptian companies, members of Expolink, to East African markets, in cooperation with the Bank’s partners.

Daily News Egypt

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