Naeem receives offers for Arabeya Online stake

07 June 2010

Naeem Holding, an Egypt-based investment bank, has received offers for its 80% stake in Arabeya Online Brokerage and hopes to conclude a sale within the next 90 days, Reuters has reported. Arabeya chairman Hisham Tawfik told the news service he planned to keep another 20% stake he owns personally in the Cairo-based internet trading company.EFG-Hermes is acting as adviser on the deal.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.