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Saudi private equity fund and Arab Ginning Co. agree on a new vertically integrated 350 Million USD textile Holding company
Arab Cotton Ginning Chairman Hani Olama announced last month that the company is forming a joint venture with Saudi private equity firm Amwal Al-Khaleej to create a textile holding company. The group is in the process of recruiting partners for the new company, with a target capital of LE 2 billion, which will…
Egytex News Desk
Egytex
ACGC recently offered a 1:1 rights issue worth LE 556 million to finance an acquisition of two textile companies; subscription will close April 17. Amwal Al-Khaleej has regional investments reported to be worth SR 700 million (LE 1.08 billion).
Source: business today Egypt
From the Egytex news archive, first published on 11 April 2006. Figures and names are as reported at the time.
