CEO of Egypt’s sovereign fund Ayman Soliman said there’s no limit to the offered stakes in “Safi” and “Wataniya”, while other sources say “Egyptian Linear Alkyl Benzene Company (ELAB)” could offer a stake in the EGX soon.
Linear alkyl benzene is the most widely used raw material in producing detergent
Soliman added that investors interested in stakes in “Safi” and “Wataniya” aren’t limited to the region, with international interest being expressed.
Egypt’s sovereign fund’s willingness to potentially sell majority stakes (50% or more) could prove to be an accelerator to finalizing these deals according to Asharq.
The size of ELAB’s stake set to be offered hasn;t been decided yet.
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