The Economic Concentration Notification Review Committee at the Competition Protection and Anti-Monopoly Authority approved the Commercial International Bank’s acquisition of 30,103,927 shares representing 25% of B Investment Healthcare Company. The committee also approved Bank Al Baraka Egypt’s acquisition of 6,020,785 shares (5%) of the same company. Additionally, the committee approved Sun Hope Investment Enterprise Limited’s acquisition of 13.5 million shares (30%) of Hutchison Laemchabang Terminal Limited. The committee further approved Egypt Insurance and Egypt Life Insurance companies acquiring 24,083,142 shares (20%) of B Investment Healthcare Company. Moreover, the committee approved the establishment of a joint venture in Italy between Industrial Petayilijong S.A. and Metanvest B.V. The committee decided to shelve the acquisition request by Misr Beni Suef Cement Company for up to 31.68 million shares (33%) of Misr Qena Cement Company. It also approved the acquisition request by Misr Green Agricultural Investment Company (Agrin) for an agricultural land owned by Al Zahra Agricultural Company.

Finally, the committee approved the file submitted by the Financial Regulatory Authority regarding Al Wafaa Insurance Company’s acquisition of between 51% and 100% of Delta Insurance Company shares.