Arab FinanceThe Egyptian Izdihar Direct Investment Company plans to inject new investments of about $100 million over the next two years, through the acquisition of companies operating in the retail chain sector, the industrial sector, or companies whose activity depends on import or export substitution, according to what was reported by the East Economy.
The $100 million will be invested through the Izdihar (2) medium-capitalization fund, which amounts to $176 million, and Daly Dress, a subsidiary of Izdihar, intends to expand in the Saudi market during the next year, with this step to be followed by further expansions. In the rest of the Gulf countries.
Izdihar Company also acquired an 80% stake in Sita Textiles Clothing Company – which owns the Dali Dress and Premuda brands – at the beginning of this year, as part of the company’s plan to invest $70 million during 2024.
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