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Reading: B Investments selects 4 sectors to invest EGP 200m each
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Dailynewsegypt > Blog > Business > B Investments selects 4 sectors to invest EGP 200m each
Business

B Investments selects 4 sectors to invest EGP 200m each

Alyaa Stohy
Last updated: 2021/01/21 at 10:40 AM
By Alyaa Stohy 2 Min Read
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B Investments selects 4 sectors to invest EGP 200m each
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B Investments is planning to invest in four different industries: healthcare, higher education, F&B, and pharmaceuticals, with about EGP 150m – EGP 200m in funding in each field.

The new projects will be financed partly from the capital proceeds of the company’s recent stake sale in Total Egypt and BĒARD. The expected closing date for financing deals are during the first half (H1) of 2021 for healthcare, higher education, and F&B, and during H2 of 2021 for pharmaceuticals.

According to the company’s management, B Investments plans to distribute similar 2019 dividends on profits, along with the proceeds of Total Egypt exit. This might imply a DY close to 10%.

B Investments has two recent exists through the sale of 20% of its stake in Total Egypt for EGP 146m and the sale of its 60% stake in BĒARD for EGP 19m divided on installments, implying a present value of EGP 13.5m.

B Investments also expects the IPO of its partly owned Ebtikar for Financial Investment to start within H2 of 2021. The company might also consider the sale of a stake or IPO transaction for its subsidiary Gourmet.

Gourmet invests in the e-commerce business that currently represents 30% of its total revenues, through opening 3 delivery hubs covering Maadi, the 6th of October, and Cairo outskirts, and opened 3 new stores in 2020.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Business
Strong representation of women in TV series of Ramadan 2023
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Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
//
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