CEO of Gulf Capital: We are looking forward to investments worth $250 million in Egypt
The CEO of the UAE “Gulf Capital”, Karim El Solh, said that the company is looking forward to investments worth $250 million in Egypt.
Gulf Capital, one of the leading companies in the field of alternative investments in growth markets, announced today, Wednesday, the opening of an office in Cairo “to take advantage of investment opportunities in the Egyptian market and the fast-growing African markets,” according to the “Amwal Al Ghad” economic website.
The website indicated that the company entrusted the head of the office to each of the investor, Mireille Zaki, who previously held the position of head of investments in the Sheikh Zayed Al Nahyan Foundation, and before that in the Abu Dhabi Investment Authority, and Fadi George, who comes from “SPE Capital Partners”.
Karim El Solh said that the Emirati company is looking forward to offering a subsidiary company to the Egyptian Stock Exchange this year, and selling another to a strategic investor.
Al-Solh added during a press conference in Cairo, reported by Al-Sharq TV, that the investments of Gulf Capital Investment Bank in Egypt exceed 5 billion pounds, through 9 affiliated companies.
He pointed out that “the largest private equity company in the Middle East, based in Abu Dhabi, is considering offering a fourth investment portfolio with more than 750 million dollars next summer. The investment share in the Egyptian market will amount to about 250 million dollars.” He continued, “We have 6 exit deals in 2022.” between Egypt and Saudi Arabia.
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