The Clap
CIB (COMI) acquired 15% of El Sewedy for Engineering Industries (SEI), which is affiliated with the Zaki El Sewedy Group.
SEI
SEI speacilizes in the manufacturing of electronic circuit components and electronic sensors.
Purpose of Acquisition
SEI will benefit from the financing by using it to finance expansions in the local and regional markets, which will occur in the future.
CIB considers this an attractive investment opportunity to maximize shareholder value due to the expansionary policy of the company.
Why this Matters
|This deal is in line with CIB’s strategy of directly investing in its client companies to provide them with the financing they need.
