Arab International Pharmaceuticals Group (AIG) plans to begin operating its new EGP 400 mn antibiotics factory in Badr City by the end of this year, according to local news. AIG had initially planned to inaugurate the factory last year, and had expected to invest EGP 200 mn in the facility. AIG raised its capital to finance the extra costs rather than taking out a loan.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…