NCB Capital is planning to pump new investments worth EGP 1.5 billion in five sectors in Egypt over the next year, according to Al-Masry Al-Youm.
The targeted sectors are health, energy, financial services, consumer, and construction, NCB Capital’s CEO Khalid Badawi said.
The firm aims at investing in these sectors through purchasing stakes or partnering with firms and establishing new entities, Badawi highlighted.
The Saudi Joint Stock Company has a portfolio of 12 firms and investments range between EGP 9 billion and EGP 10 billion in various sectors, he noted.
On 12 September 2017, NCB Capital signed a memorandum of understanding (MoU) with the French Électricité de France to invest in the energy sector in the Egyptian market.