SEII eyes minority stakes in several companies for 2025

Updated 12/10/2024 8:25:00 AM
SEII eyes minority stakes in several companies for 2025

Arab Finance: The Saudi Egyptian Industrial Investment (SEII) is considering acquiring minority stakes in several companies during 2025, the company’s CEO Ahmed Ata told Asharq Business.

SEII seeks to hold equity ownership between 20% and 30% in companies operating in the ready-made garments, glass, and cookware sectors.

Last June,  Ata unveiled plans to renew the company’s offer to purchase a stake ranging between 51% and 70% in El Nasr Glass and Crystal Company (NGC).

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