SEII to invest USD 50 mn in acquisitions over the next two years

M&A WATCH- The Saudi-Egyptian Industrial Investment Company (SEII) is earmarking USD 50 mn to fund acquisitions over the next two years, CEO Ahmed Ata tells Al Mal. The company is currently in talks to acquire majority stakes in two companies in the food and textiles sectors and expects to complete the transactions during 1H2018, according to Ata.