مصر.. جاذبية التقييم تحفز أنشطة الدمج والاستحواذ في 2024

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Transcript

00:00 The acquisition of B.Investments on Eurascum,

00:04 and a loan from the Saudi-Egyptian company for investment to acquire Cira Education,

00:10 and another loan from Eomar Egypt to acquire two companies in the real estate sector,

00:15 and other deals are on the way in 2024.

00:20 After the economic situation in Egypt became encouraging for more integration and acquisition,

00:26 which was recorded in 2023,

00:30 the value of the company exceeded 60% to 3.5 billion dollars,

00:35 which is affecting the exchange market and the difficulty of identifying companies to acquire,

00:41 as well as the increase in interest rates.

00:43 We always see that there is a problem in the competition between the private sector and the government.

00:48 We have seen that the government's announcement of the ownership of the state

00:52 and the government's withdrawal from some sectors will contribute to the promotion of the private sector,

00:57 and perhaps will help the private sector to be more competitive,

01:01 and this will also contribute to the activity in the acquisition and integration process.

01:07 But the stability of the exchange rate of Eurascum after its liberation in March,

01:11 and the expectations of the reduction of interest rates,

01:13 in addition to the decrease in the rates of many companies due to the decline in the Eurascum value,

01:18 has attracted many investors from the Gulf to acquire investment opportunities in Egypt,

01:24 by acquiring listed or non-listed companies in the stock market,

01:28 especially after the head of wisdom opened the deal for investors to invest in new investments in Egypt.

01:34 Today there are no losses. Today the dollar is a stable price,

01:39 so it is attractive to any foreign investor to come and enter.

01:43 The dollar has been a stable price for two years,

01:48 and today the price of the company is less than half or a quarter of its value.

01:52 This is a good thing for the company,

01:56 so we have become attracted to foreign investors to buy and acquire companies.

02:03 Despite the decline in the integration and acquisition deals during the past year,

02:07 it has witnessed the implementation of many major deals,

02:10 including the acquisition of Global Emirates by 30% of the Eastern Company,

02:16 but it has also witnessed the implementation of many major deals,

02:19 including the acquisition of Global Emirates by 30% of the Eastern Company,

02:25 with a value of 600 million dollars in the first phase of the investment program.

02:31 Egypt is aiming at 6.5 billion dollars from the program at the end of the current year.

02:39 It seems that the stable price of the dollar will open the door to more integration and acquisition deals in 2024.

02:47 With the decline in the valuation of companies and the attraction of many assets in Egypt,

02:53 Yassin Al-Gohari, CNBC Arabia, Cairo.