Bidayat

Fund run by Rachid Mohamed Rachid acquires minority stake in Azza Fahmy

Bidayat invests in Azza Fahmy Jewelry: Mediterranean-focused investment fund Bidayat has acquired an undisclosed minority stake in artisanal jewelry company Azza Fahmy, fashion magazine Women’s Wear Daily reports. There are few details on the financial side: Azza Fahmy CEO Fatma Ghaly remained tightlipped on the financial terms of the transaction, saying only that it was…