{"id":572188,"date":"2020-06-15T04:22:11","date_gmt":"2020-06-15T04:22:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/"},"modified":"2020-06-15T04:22:11","modified_gmt":"2020-06-15T04:22:11","slug":"sfe-mulls-investment-in-state-owned-pharma-firm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/","title":{"rendered":"SFE mulls investment in state-owned pharma firm"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>INVESTMENT WATCH- Sovereign fund mulls investment in state-owned pharma firm:<\/strong> The Sovereign Fund of Egypt (SFE) is considering investing in state-owned pharma company <a href=\"http:\/\/cid-pharma.com\/index.php\">Chemical Industries Development (CID)<\/a> through its newly-established healthcare fund, <a href=\"https:\/\/bit.ly\/3hnnaNI\">Al Mal<\/a> reports, citing sources familiar with the matter. CID is one of a number of companies under consideration by the fund, according to the sources, who didn\u2019t disclose when final decisions would be made.<\/p>\n<p><strong>Background: <\/strong>The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2377b687-8d51-4e2a-8731-0458d605cea0\">SFE signed an MoU last month<\/a> with New-York based <a href=\"https:\/\/www.concordus.com\/\">Concord International Investments<\/a> to set up a joint venture to manage a USD 300 mn healthcare fund focused on Egypt and the Middle East. The sub-fund aims to support the expansion of both public and private healthcare infrastructure projects, as well as set up export-driven healthcare ventures. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c003c21c-47e0-4eb4-8ce0-0cda47900c86\">SFE said last month<\/a> that it would be putting healthcare and pharma storage at the forefront of its sub-fund plans amid the covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Sovereign fund mulls investment in state-owned pharma firm: The Sovereign Fund of Egypt (SFE) is considering investing in state-owned pharma company Chemical Industries Development (CID) through its newly-established healthcare fund, Al Mal reports, citing sources familiar with the matter. CID is one of a number of companies under consideration by the fund, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[5302,5083,72,370,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572188","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cid-pharma","tag-concord-international-investments","tag-enterpriseam","tag-sovereign-fund-of-egypt","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"57b3ba92-2ba0-4d97-a007-3e7848c35c56","is_powered_by":true,"section_story_id":"33b84d16-6860-471b-a8ae-0a636614a86e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572177],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SFE mulls investment in state-owned pharma firm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFE mulls investment in state-owned pharma firm\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Sovereign fund mulls investment in state-owned pharma firm: The Sovereign Fund of Egypt (SFE) is considering investing in state-owned pharma company Chemical Industries Development (CID) through its newly-established healthcare fund, Al Mal reports, citing sources familiar with the matter. CID is one of a number of companies under consideration by the fund, according [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-15T04:22:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SFE mulls investment in state-owned pharma firm\",\"datePublished\":\"2020-06-15T04:22:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\"},\"wordCount\":157,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CID Pharma\",\"Concord International Investments\",\"EnterpriseAM\",\"Sovereign Fund of Egypt\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/sfe-mulls-investment-in-state-owned-pharma-firm\/\",\"name\":\"SFE mulls investment in state-owned pharma firm - 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