Abu Dhabi's state holding company ADQ has bought shares worth $1.85 billion in five publicly traded Egyptian companies. The stock exchange said purchases for five companies were executed on Tuesday but did not say who the buyer was.
The deals included the purchase of 340.1 million shares of Commercial International Bank (CIB), Egypt's biggest private bank, for $911.5 million, and 45.8 million shares of Misr Fertilisers Production (Mopco) for $266.6 million.
