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Wednesday, February 08, 2023

Egypt: Saudi, UAE competition to acquire AOI sharesnote

Egypt reportedly decided to place the shares of military-owned companies in the stock market, allowing for private investment.

One of the major Egyptian military companies open for divestment is the Arab Organization for Industrialization (AOI).

Representatives from GCC countries, notably including Saudi Arabia and the UAE are said to be competing hard to secure the majority of shares.

Tactical Report has prepared a 256-word to shed light on the companies placed in the stock market, the Saudi-Emirati competition, and Egypt's position. 


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