Saudi-Egyptian Industrial Investment

SEII’s bid to acquire Al Babtain Egypt stake is over

Saudi Egyptian Industrial Investment won’t be acquiring a stake in Al Babtain’s Egypt unit: A bid by Saudi Egyptian Industrial Investment (SEII) to acquire a stake in Al Babtain Power & Telecom Egypt looks to be over after the Tadawul-listed company said yesterday that acquisition talks between the companies have been suspended. In a disclosure…