B investments to invest in healthcare, food sectors in 2023: Egypt

B Investments Holding (BINV) is planning to invest EGP 2 billion, equivalent to $67.5 million, in the healthcare and food sectors in 2023, the company’s Chairman Hazem Barakat told Asharq Business on January 19th.

The company will complete the acquisition in the healthcare sector before the end of the first quarter (Q1) of 2023, while the second transaction will be executed during Q2, Barakat said.

Barakat added also added that B Investments would partially finance the two new deals through its exit proceeds from Total Energies Egypt and Giza Systems, while the other part will be distributed to the company’s shareholders in cash.

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