{"id":86859,"date":"2023-11-28T00:00:00","date_gmt":"2023-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/making-a-move-on-egyptian-pharma\/"},"modified":"2023-11-28T00:00:00","modified_gmt":"2023-11-28T00:00:00","slug":"making-a-move-on-egyptian-pharma","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/","title":{"rendered":"Making a move on Egyptian pharma?"},"content":{"rendered":"

We\u2019re looking for a slice of Egypt\u2019s pharma sector: <\/strong>ADQ<\/a>, Mubadala<\/a>, and Emirates<\/a>Investment Authority (EIA)<\/a> are all interested in Egyptian state-owned pharma companies Chemical Industries Development (CID) and Misr Pharma, Al Mal<\/a> reports, citing sources it says are in the know. While the Egyptian government has held negotiations with foreign investors, no formal offers have been made, Al Mal\u2019s sources said, adding that Egypt is likely to sell 30% stakes in each company.<\/p>\n

But we\u2019re not alone:<\/strong> Qatar\u2019s sovereign wealth fund, the Qatar Investment Authority<\/a>(QIA)<\/a>, is also eyeing a stake in CID.<\/p>\n

The planned sales have been crawling along:<\/strong> It was reported back in June that several investors were in talks with the Public Enterprises Ministry to acquire stakes<\/a> in the two companies, four months after reports surfaced that the government could sell 30-40% of CID<\/a> to strategic investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

ADQ, Mubadala, and Emirates Investment Authority are sizing up Misr Pharma and CID<\/p>\n","protected":false},"author":1,"featured_media":86860,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[2392],"tags":[263,7,1395,60,261,262],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-egyptian-government","tag-enterpriseam-uae","tag-investments","tag-ma-watch","tag-pharma","tag-pharmaceuticals","wpautop","entry"],"acf":{"mongo_id":"6eaf0798-251c-4174-9615-75c4461bf064","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1510.jpg","photo_position":"below","homepage_title":"","full_issue_title":"UAE\u2019s ADQ, Mubadala, EIA eye pharma acquisitions in Egypt","related_issue":[86850],"teaser":"ADQ, Mubadala, and Emirates Investment Authority are sizing up Misr Pharma and CID","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.efec7635-7864-445f-94dc-04d2e7c9ba2c.mp3"},"yoast_head":"\nMaking a move on Egyptian pharma? - UAE<\/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\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Making a move on Egyptian pharma?\" \/>\n<meta property=\"og:description\" content=\"ADQ, Mubadala, and Emirates Investment Authority are sizing up Misr Pharma and CID\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1510.jpg?fit=%2C&ssl=1\" \/>\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\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Making a move on Egyptian pharma?\",\"datePublished\":\"2023-11-28T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1510.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egyptian government\",\"EnterpriseAM UAE\",\"investments\",\"M&A WATCH\",\"pharma\",\"pharmaceuticals\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2023\/11\/28\/making-a-move-on-egyptian-pharma\/\",\"name\":\"Making a move on Egyptian pharma? 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