UAE’s Alpha Oryx buys $1.82B stakes in 5 Egyptian companies
Updated 4/13/2022 9:06:00 AM
ArabFinance: Emirati state-owned Alpha Oryx Limited has bought $1.825 billion worth of shares in five companies listed on the Egyptian Exchange (EGX) on April 12th, according to filings to the market.
Alpha Oryx acquired a 18.6% stake in the Commercial International Bank Egypt (CIB) (COMI) in consideration of $987.48 million.
The Abu Dhabi-based company bought a 20% stake in Misr Fertilizers Production Company (MOPCO) (MFPC) in consideration of $266.55 million.
Alpha Oryx acquired a 21.52% stake in Abu Qir Fertilizers and Chemicals Industries Company (ABUK) for $391.94 million.
The Emirati company also bought a 32% stake in Alexandria Container and Cargo Handling Company (ALCN) for $186.067 million.
Furthermore, Alpha Oryx acquired a 12.6% stake in Fawry for Banking Technology and Electronic Payment (FWRY) for $68.598 million.
Stakes were bought from the Ministry of Finance, Alexandria Port Authority, National Bank of Egypt (NBE), Banque Misr, and National Investment Bank (NIB).
