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PIF participates in private offering of Egypt's cosmeceutical Macro Capital

RIYADH: Saudi Arabia’s Public Investment Fund has participated in the private placement of Egypt’s Macro Capital, which was 1.8 times covered, the company’s chairman told Asharq. The Cairo-based medical cosmetics manufacturer currently holds 23 percent of the Egyptian pharmaceutical sector, Ahmed El Nayeb said. In its private offering, Macro Group raised 251 million shares on ....

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