Fawaz Alhokair among 3 investors acquiring 4.99% of Egypt’s valU for SAR 46.5 mln

20/06/2022 Argaam
Logo ofvalU

Logo of valU

Egypt’s valU announced reaching an agreement with Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair and Abdulmajid Abdulaziz Alhokair for their collective acquisition of 4.99% of the EFG Hermes subsidiary for $12.4 million (SAR 46.5 million).

 

In a statement picked up by Argaam, valU added that, under the deal, the company is valued at $247.4 million (SAR 927.75 million).

 

 

On June 5, FAS Labs, equally owned by Arabian Centres Co. and Fawaz Abdulaziz Alhokair Co., signed an agreement with valU, to sell its 35% stake in FAS Finance to valU, Argaam earlier reported.

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.