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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
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.
New York Appellate Court overturns BT Holdings judgment Chester. Owner and developer Frank Nussbaum said BT Holdings will appeal. | 09 Dec 2020 | 02:49 An appeals court panel reversed a $2.4 million court judgment against the Village of Chester, dismissing claims village officials did a U-turn on their agreement allowing BT Holdings to build multi-family housing. In its press release following the decision, the Village of Chester said: “This is a complete victory for our Village, residents and taxpayers. Both of BT Holding’s lawsuits against the Village have now been dismissed.” Che...