{"id":620839,"date":"2024-05-27T00:00:00","date_gmt":"2024-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/27\/is-pif-looking-to-snap-up-a-minority-stake-in-daltex-corporation\/"},"modified":"2024-05-27T00:00:00","modified_gmt":"2024-05-27T00:00:00","slug":"is-pif-looking-to-snap-up-a-minority-stake-in-daltex-corporation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/27\/is-pif-looking-to-snap-up-a-minority-stake-in-daltex-corporation\/","title":{"rendered":"Is PIF looking to snap up a minority stake in Daltex Corporation?"},"content":{"rendered":"

Good afternoon, folks. <\/strong>It\u2019s another hot Monday here at home, with another sluggish news cycle to boot.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

PIF eyeing local agri firm Daltex Crop?<\/strong> Saudi Arabia\u2019s sovereign wealth fund, the Public Investment Fund (PIF) is reportedly currently in talks with people from local agriculture firm Daltex Corporation<\/a> to acquire an unspecified minority stake in the firm, Al Mal<\/a> reports, citing sources it said are in the know.<\/p>\n

What we know:<\/strong> The talks are still in the early stages, and both sides are doing their due diligence. If the talks go smoothly, the acquisition will be completed through a capital increase that will be used to fund the company\u2019s expansions, and finance its exports of production requirements.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

Israel\u2019s airstrikes on Rafah continue to lead the conversation in the international press <\/strong>this afternoon.<\/strong> The IDF\u2019s attacks on Rafah \u2014 which killed at least 45 refugees and wounding 200 \u2014 came after Hamas fired rockets at Tel Aviv yesterday for the first time since January. Israeli officials claimed that their attacks were in compliance with the ICJ ruling to halt its bombardment against Palestinians, passing it off as a \u201cprecise\u201d attack against Hamas freedom fighters. Over 37k Palestinians have been killed by Israel since last October. (Reuters<\/a> | Bloomberg<\/a> | CNN<\/a> | AP<\/a>)<\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

WANT TO START A CAREER IN INVESTOR RELATIONS ADVISORY?<\/strong> Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region\u2019s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE and beyond. Egyptian and foreign nationals alike are welcome to apply.<\/p>\n

NEVER WORKED IN INVESTOR RELATIONS BEFORE?<\/strong> We have the Enterprise Advisory Development Program. The two-month program will see full-time, paid participants take part in workshops and lectures from veteran investor relations and advisory professionals, while also applying their knowledge in a practical setting. Those who successfully complete the program will be offered full-time positions on staff for a chance to work in a flexible and supportive \u2014 but still fast-paced \u2014 work environment that eschews micromanagement and rewards good work. Enterprise Advisory offers the chance to build a network of high-ranking individuals across some of the largest and most influential companies in the region through direct exposure to clients.<\/p>\n

During the program, you\u2019ll learn:<\/strong><\/p>\n