UAE Business: Arabian Gulf Investments acquires key stakes in Egyptian firms – Gulf Digital News

UAE Business: Arabian Gulf Investments acquires key stakes in Egyptian firms – Gulf Digital News

UAE-based The Arabian Gulf Investments Company has acquired key stakes in the Egyptian Company for Embedded Systems and Industry, which are factories for strategic medical supplies, led by the production of self-destructed syringes for the first time in Egypt and Africa.

 

The acquisition comes at a time when the volume of demand in Egypt has reached 2 billion injections annually.

 

A stake was also acquired in EasyCash for electronic payment, which is the first company specialized in electronic portfolios licensed by the Central Bank of Egypt in addition to Health Technology for Advanced Technology and Public Health, a company that owns a factory with a global brand leading in the world of manufacturing medical supplies and has contracts in Egypt, the Gulf Cooperation Council and some African countries.

 

The Arabian Gulf Investments Company has opened a regional office for years in Cairo to explore investment opportunities in Egypt and the North African region.

 

The acquisition was announced at a signing ceremony organized in Cairo in the presence of Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investments Company, and Engineer Abdeen Ibrahim Arida, Chairman of the Board of Directors of Easy Cash for electronic payment, Chairman of the