Thndr Claps » EGY Claps » Economy 🏙 » Gulf funds eye stake in seven hotels in Egypt
The ClapThe Sovereign Fund of Egypt (SFE) offered Gulf funds a 30% stake in the company that owns seven state-owned hotels, according to Asharq.
WhatEstablishing this parent company is something the Ministry of Public Enterprise has been working on as it planned to offer a stake in it to investors.
So whatAmong the most-interested investors is the Saudi Public Investment Fund.
Now whatThe SFE is in the final stages of establishing the company before offering it to investors.
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