Thursday 2 May 2024
 
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Arabiyya Lel Estithmaraat

Firm buys historic Egypt retail chain for $55m

Egypt's Arabiyya Lel Estithmaraat investment firm said on Sunday it agreed to pay 320 million Egyptian pounds ($55.4 million) for a majority stake in the historic Omar Effendi department store chain. Egypt had sold the chain to Saudi Arabi

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