Sunday, August 9

Business

The acquisition is part of Invictus Investment’s long-term strategy to expand its geographic presence in key African markets, develop new strategic partnerships, and acquire specialised know-how and operational capabilities in downstream segments

Egyptian Minister of Trade and Industry Ahmed Samir has met with a delegation from Elaraby Group. The group specializes in manufacturing home appliances and is headed by Mohamed Mahmoud Elaraby, the CEO, and Mohamed Abd Elgayed Elaraby, a member of the Executive Board and Head of Operations. During the meeting, they discussed the company’s current and future investment plans for expanding into the Egyptian market.

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