The Saudi Egyptian Industrial Investments Company acquired a 38% stake in medical disposables company company Farcomake for Advanced Medical Industries for EGP 35 mn on Sunday, Al Borsa reports, citing a company statement. The transaction, which was managed by Sigma Capital, comes as part of Farcomake’s plan to raise capital needed to finance expansion plans. The Saudi Egyptian Industrial Investments Company is also planning on growing its activities in Egypt to include medical supplies.

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