Posted inBanking & Finance

ADIA in cement deal

Abu Dhabi Investment Authority has acquired a 7.6% stake in Egypt’s Suez Cement for an undisclosed sum.

Abu Dhabi Investment Authority has acquired a 7.6% stake in Egypt’s Suez Cement for an undisclosed sum.

According to a statement by the Egyptian stock market, ADIA bought the shares listed as global depository receipts from Suez board member Hisham Sadiq Al Sowidi.

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