13
April
2022
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ADQ invests in several transactions in Egypt

Highlights

  • Investments accelerate funding to fuel growth in key sectors of Egypt’s economy
  • Transactions reflect ADQ’s position as a long-term investor in the Egyptian economy

ADQ, an Abu Dhabi-based investment and holding company, has undertaken several transactions in publicly listed companies within key sectors of Egypt’s economy, building on its long-term commitment to investing in the country’s economic growth through its USD 20 billion joint strategic investment platform.

The investments reflect ADQ’s continued confidence in Egypt’s strong economic potential. The transactions include stakes in Commercial International Bank (CIB), one of Egypt’s largest banks; Fawry, the leading digital transformation and e-payments platform; Alexandria Container & Cargo Handling Company, a prominent logistics player; Misr Fertilizers Production Company (MOPCO) and Abu Qir Fertilizers & Chemical Industries, two key industrial companies in Egypt.

The Egyptian economy has proven to be resilient over the past several years. Real GDP growth continues to outpace the majority of emerging market economies with current year projections estimated to reach 5.5%. With its strategic location and the large size of its domestic market, the investments were driven by taking into account the underpinnings of Egypt’s strong domestic consumption, productivity growth, enormous untapped export potential, and positive trade outlook.

“The UAE and Egypt share a deep relationship underpinned by strong economic and trade ties. Since the inception of ADQ’s USD 20 billion strategic investment platform with the Sovereign Fund of Egypt, we have executed several investment opportunities in Egypt, with the aim to deliver robust commercial benefits and sustainable growth."

H.E. Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ

ADQ is a long-term investor in the Egyptian economy, with an office in Cairo. Since the platform’s inception, a number of strategic investments and partnerships have been realized, resulting in strong financial returns. These include the acquisition of an 85.52% stake in The Sixth of October for Development and Investment S.A.E. (SODIC) through a consortium comprising Aldar Properties and ADQ, and the acquisition of Amoun Pharmaceutical Company S.A.E., one of Egypt’s leading pharmaceutical manufacturers, distributors, and exporters.

About ADQ

Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.

For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.

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