Home » Saudi Investors »


|| Saudi investors to start $16.9 billion bank in Egypt - Bloomberg

bloomberg.pngA group of Saudi Arabian businessmen plan to set up a $16.9 billion investment development bank in Egypt, state-run Middle East News Agency reported, citing Saudi billionaire Sheikh Saleh Kamel.

More details follows from Bloomberg

A group of Saudi Arabian businessmen plan to set up a $16.9 billion (100 billion Egyptian pounds) investment development bank in Egypt, state-run Middle East News Agency reported, citing Saudi billionaire Sheikh Saleh Kamel.

The Cairo-based bank will focus on investing directly in the North African country and procedures for the bank’s establishment will start “soon”, Kamel, who heads Saudi’s Chamber of Commerce and Industry, said, according to MENA.

Saudi investments in Egypt were unharmed during recent popular uprising that toppled Egypt’s President Hosni Mubarak, MENA cited Kamel as saying.



Previous Post: UAE investors of Tawazun Holding acquired 26% of International Golden Group
Next Post: Royal Group Abu Dhabi to invest $100 million in Chechnya



|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe












Copyright 2007-2016 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter