Arab sovereign funds in talks to acquire 20% of ACDIMA’s new subsidiary in Egypt

Getty Images/iStockphoto

Set to be incorporated within the coming few days, the new subsidiary will be specialized in manufacturing pharmaceutical ingredients, the sources added

Staff Writer, Arab Finance

December 7, 2023

PHOTO

Some Arab sovereign funds are in negotiation with the Egyptian Arab Company for Drug Industries and Medical Appliances (ACDIMA) to acquire a 20% stake in its new subsidiary, Al Mal News reported, citing sources familiar with the matter.

Set to be incorporated within the coming few days, the new subsidiary will be specialized in manufacturing pharmaceutical ingredients, the sources added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO