Arab Finance: The Saudi-Egyptian Industrial Investment (SEII) is planning to invest around $20 million in a glass and a textile firm within the coming period via capital increase, SEII's CEO Ahmed Ata told Al Borsa News.

SEII is set to invest around $10 million in each company, Ata noted, adding that his company usually acquires at least 25% of the targeted firms.

He further stated that the targeted companies are medium-sized ones that are aiming to reach higher growth rates.

On June 24^th, it was reported that SEII is considering renewing its offer to acquire a majority stake in El Nasr Glass and Crystal Company (NGC).

SEII aims to purchase a stake ranging between 51% and 70% in NGC.

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