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24 April 2024

Almarai buys Egypt's Beyti

Published
By Staff Writer

Almarai of Saudi Arabia has bought Egypt's International Company for Agro-Industrial Projects (Beyti) for EGP645 million (Dh422m).

"We consider the acquisition a landmark transaction," said Rana Durra, Vice-President of HC Securities & Investment, Almarai's financial advisor.