13 Apr 2022

ADQ (The Abu Dhabi Wealth Fund) has invested USD1.8bn through acquiring state-owned stakes in five Egyptian companies. The companies operate in the financial, fertilizers, materials, and logistics sectors. Back in 2019, ADQ and the SFE (Sovereign Fund of Egypt) had jointly established a USD20bn investment fund aimed at cooperatively managed projects and investments in vital sectors such as food & agriculture, healthcare & pharmaceuticals, utilities, financial services, and real estate. The fund made its first acquisitions in 2021. (Sources: ADQ (English) (Arabic), Reuters (English), Amwal al-Ghad (English) (Arabic), al-Ahram (English), Egypt Today (English), Business Today Egypt (English), Arabian Business (English), Arab News (English), Xinhua (English), al-Maal, Zawya, al-Masry al-Youm, al-Shurouk, Masrawy, al-Ain, al-Arabiya, RT)