Qalaa’s ASEC Holding (ASCOM) plans to expand into Oman and Mauritania this year by supplying raw materials and providing drilling and extraction services, Chairman Fayez Geyres told Al Mal. The firm also aims to increase exports from its calcium carbonate subsidiary to 85% of its production from 80% currently.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…