Naeem Holding mulls acquisition of Alpha Capital Holding

Naeem Holding mulls acquisition of Alpha Capital Holding

Naeem Holding for Investment is considering the acquisition of Alpha Capital Holding, a specialised asset management company.

The company is awaiting the Financial Regulatory Authority's (FRA) approval to conduct the due diligence process, according to a statement to the Egyptian Exchange (EGX) on Thursday.

On a decision is taken, it will be announced in due course.

During the first nine months of 2020, Naeem Holding for Investment suffered net losses of $1.68 million, compared to about $236,900 in the year-ago period.