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Thursday, 1 December 2016

Gulf Capital exiting Egyptian investments

The UAE’s Gulf Capital is looking to sell its stake in medical diagnostic imaging chain TechnoScan by late-2017 or early-2018, sources told Reuters. The move comes amidst a wider strategy of regional exits over the next two years as market sentiment and regional economy improves, CEO Karim El Solh said. Gulf Capital acquired a 75% stake in TechnoScan, which Reuters incorrectly identifies as the largest imaging center chain in the Middle East; last we checked, Hend El Sherbini’s Integrated Diagnostics Holdings was substantially larger.

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