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Tuesday, 1 September 2020

Mac Optic to launch USD 100 mn Egypt investment arm Mac Holding

INVESTMENT WATCH- Greece’s Mac Optic to launch USD 100 mn Egypt investment arm focuses on financial services, media, education and healthcare: Greek industrial investor Mac Optic Investments is looking to set up by the end of the year a USD 100 mn holding company, Mac Holding, that will invest in financial services, media, education and healthcare in Egypt, Mac Optic CEO Ahmed Radwan told Al Mal yesterday. Mac Holding’s financial services plan would see the company get in on investments in SMEs, real estate financing and securities trading while its healthcare endeavours would supposedly bring some 15 new clinics and general hospitals between Cairo and Alexandria under its wing. The fund is also considering establishing new international schools in Cairo and Alexandria and a technical institute in Cairo in addition to the two sites already owned by Mac Optic subsidiaries in both cities.

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