{"id":638308,"date":"2017-10-02T03:40:58","date_gmt":"2017-10-02T03:40:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/"},"modified":"2017-10-02T03:40:58","modified_gmt":"2017-10-02T03:40:58","slug":"quasi-governmental-seic-closes-in-acquisition-in-food-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/","title":{"rendered":"Quasi-governmental SEIC closes in acquisition in food industry"},"content":{"rendered":"

<\/a> M&A WATCH- <\/strong>The quasi-governmental Saudi Egyptian Industrial Investment Company (SEIC) is hoping to complete the acquisition of an unnamed, privately-held food manufacturer in October, SEIC Chairman Ali Al Ayed tells Al Mal<\/a>. Talks are reportedly in advanced stages, and while Al Ayed did not name the target, he did state it was a mid-sized company that manufactures juice and dairy products. The company\u2019s CEO had stated back in July<\/a> that Cairo Financial Holdings had been tapped to advise on the transaction. SEIC plans to invest EGP 120 mn in total this year in the food and pharma industries. SEIC, an investment company set up by the governments of Saudi Arabia and Egypt, has invested around EGP 1 bn in Egypt. It holds stakes in medical disposables producer Farco Make and in Alexandria Carbon Black.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- The quasi-governmental Saudi Egyptian Industrial Investment Company (SEIC) is hoping to complete the acquisition of an unnamed, privately-held food manufacturer in October, SEIC Chairman Ali Al Ayed tells Al Mal. Talks are reportedly in advanced stages, and while Al Ayed did not name the target, he did state it was a mid-sized company […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638308","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a9513272-e7bf-438b-90f3-f534d9b7d4e8","order":"0","is_powered_by":true,"section_story_id":"19068564-2470-47f1-8879-0ab6fb001411","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638298],"teaser":"","voice_url":""},"yoast_head":"\nQuasi-governmental SEIC closes in acquisition in food industry - 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\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quasi-governmental SEIC closes in acquisition in food industry\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- The quasi-governmental Saudi Egyptian Industrial Investment Company (SEIC) is hoping to complete the acquisition of an unnamed, privately-held food manufacturer in October, SEIC Chairman Ali Al Ayed tells Al Mal. Talks are reportedly in advanced stages, and while Al Ayed did not name the target, he did state it was a mid-sized company […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-02T03:40:58+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\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Quasi-governmental SEIC closes in acquisition in food industry\",\"datePublished\":\"2017-10-02T03:40:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\"},\"wordCount\":142,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/quasi-governmental-seic-closes-in-acquisition-in-food-industry\/\",\"name\":\"Quasi-governmental SEIC closes in acquisition in food industry - 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Ata expects the transaction to be completed by the end of 2017. SEIC has tapped Cairo Financial Holdings as advisor on transaction, he added. SEIC \u2014\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548514,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/11\/the-saudis-have-arrived\/","url_meta":{"origin":638308,"position":1},"title":"The Saudis have arrived","author":"enterpriseam admin","date":"11 August 2022","format":false,"excerpt":"The Saudi sovereign wealth fund acquired minority stakes in four EGX-listed companies for USD 1.3 bn yesterday, the Planning Ministry said in a statement. The Saudi Egyptian Investment Company (SEIC), the newly-established Egypt investment arm of the Public Investment Fund, purchased shares in Misr Fertilizers Production Company (Mopco), Abu Qir\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548635,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/e-finance-to-provide-financial-services-to-the-saudi-wealth-funds-egypt-arm\/","url_meta":{"origin":638308,"position":2},"title":"e-Finance to provide financial services to the Saudi wealth fund\u2019s Egypt arm","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"e-Finance is working with the PIF: e-Finance will provide financial and digital services to the Saudi sovereign wealth fund\u2019s new Egypt investment arm, Chairman Ibrahim Sarhan told Bloomberg Asharq yesterday (watch, runtime 7:35).The PIF now owns a chunk of the state-owned fintech player: The Saudi Egyptian Investment Company (SEIC), set\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548377,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/07\/saudi-wealth-fund-sets-up-company-to-invest-in-egypt\/","url_meta":{"origin":638308,"position":3},"title":"Saudi wealth fund sets up company to invest in Egypt","author":"enterpriseam admin","date":"7 August 2022","format":false,"excerpt":"Introducing the SEIC: Saudi Arabia\u2019s sovereign wealth fund has set up a company to manage its investments in Egypt as it prepares to deploy bns of USD in the country in the coming months, it said in a statement on Thursday. 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