• Wednesday, 18 January 2023

    STC will have to cough up more for Giza Systems

    B Investments just upped its Giza Systems valuation: BPE Partners’ B Investments has increased Giza Systems’ valuation by 7.6% to USD 128 mn after reviewing its working capital and cash balances, it said in an EGX disclosure (pdf) yesterday.ICYMI- B...
  • Wednesday, 5 October 2022

    Solutions by STC now owns 88.2% of Giza Systems

    Solutions by STC has completed the acquisition of 88.2% of Giza Systems, it announced in a statement (pdf) yesterday. The company didn’t disclose the final value of the transaction, but said Giza Systems has an enterprise value of USD 158...
  • Thursday, 22 September 2022

    Bids for Alex Medical aren’t adding up + B Investments approves fair value study ahead of Giza Systems sale

    A tale of two fair value studies: Things are not looking up for the Tawasol Holdings-LimeVest consortium’s bid to acquire Alex Medical, as a fair value study from Andersen adds weight to the board’s suggestion that the bid undervalues the...
  • Tuesday, 16 August 2022

    Saudi regulator approves STC takeover of Giza Systems

    Giza Systems is one step closer to being Saudi-owned: Saudi Arabia’s competition watchdog has given the greenlight to Saudi Telecom’s internet subsidiary to acquire a controlling stake in Giza Systems, it announced on social media on Sunday. Shareholders agreed to...
  • Monday, 6 June 2022

    Is Beltone in play?

    An investor alliance led by WM Consultancy has submitted a non-binding offer to buy a majority stake in Beltone Financial, the two companies said in filings to the EGX (pdf | pdf) yesterday. The consortium of unidentified “strategic investors” is...
  • Tuesday, 5 April 2022

    Giza Systems board nods to STC takeover

    STC is taking a majority stake in Giza Systems: A subsidiary of Saudi Telecom (STC) is on course to take an 89.5% stake in Giza Systems, after the board of the Egyptian systems integrator accepted its bid, it announced in...
  • Monday, 4 April 2022

    B Investments exits Giza Systems to STC subsidiary

    B Investments is selling its entire 44.7% stake in engineering subsidiary Giza Systems to Saudi Telecom’s internet subsidiary, the Egyptian private equity firm said in a statement (pdf). B Investments’ board accepted an undisclosed binding offer for the shares from...
  • Wednesday, 16 February 2022

    Spain’s EOSOL to acquire 50% stake in Giza Systems subsidiary GSEC

    Spanish engineering firm EOSOL Group will acquire a 50% stake in an engineering and construction subsidiary of B Investments’ Giza Systems, according to a press release. The value of the stake sale in Giza Systems Electromechanical (GSEC), which the companies...
  • Monday, 13 December 2021

    The local 3D printing scene

    Egypt’s 3D printing scene: Young, but the potential for disruption is there. A nascent technology in Egypt and the world, 3D printing has the potential to revolutionize industries like healthcare, automotives, aerospace and construction with its highly customizable, low-cost solutions....

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