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B.TECH to drive more growth and expansion following investment by SEIC

RIYADH: Egypt’s omnichannel retailer and consumer finance platform B.TECH is expected to drive more growth and expansion following the investment by the Saudi Egyptian Investment Co., a wholly-owned subsidiary of the Public Investment Fund, its CEO told Al-Arabiya. B.TECH aims to increase its revenues by 30 percent by the end of 2022 to $1.5 million, while it aims to increase
Ar Riya Saudi Arabia Mahmoud Khattab Saudi Egyptian Investment Co African Development Partners Gbt Holding

Saudi PIF subsidiary SEIC acquires 34% of Egypt's B.TECH for $150mn

RIYADH: The Saudi Egyptian Investment Co., a subsidiary of the Saudi Public Investment Fund, has acquired 34 percent of Egypt’s omnichannel retailer and consumer finance platform B.TECH, in a deal worth $150 million. SEIC’s acquisition was made via the purchase of a minority stake from African Development Partners II, a fund advised by Development Partners International.
Saudi Arabia Ar Riya Saudi Public Investment Fund African Development Partners Saudi Egyptian Investment Co Gbt Holding

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