M&A WATCH- Saudi’s Olayan acquires 5 mn Qalaa Holdings shares for EGP 19 mn: Olayan Saudi Investment Company (OSIC) has bought 5 mn Qalaa Holdings shares at 3.82 per share, EFG Hermes said in an EGX disclosure (pdf). OSIC now owns 5.17% of Qalaa, up from 3.71% previously. EFG acted as advisor in the EGP 19 mn transaction. Qalaa shares closed at EGP 3.60 on Thursday, according to market data from Reuters.

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