Brmaja aims to offer 35% of its subsidiary on Egypt's EGX within few months - News Summed Up

Brmaja aims to offer 35% of its subsidiary on Egypt's EGX within few months


Egypt - Brmaja Group has announced its plan to offer 35% of its subsidiary Brmaja Innovation, on the Egyptian Exchange (EGX) over the next few months. Brmaja Innovation completed in February its registration with the Misr for Central Clearing, Depository, and Registry (MCDR). He pointed out that the group sees promising opportunities in the Egyptian market, as the subsidiary Brmaja signed a memorandum of understanding to acquire Brmaja Trading Company – Saudi Arabia, which has an estimated market value of about $20m, to keep pace with the great developments in the Egyptian market. Moreover, many companies were contracted with the private and governmental sectors in the various fields and activities of the group. Both Brmaja Innovation and Brmaja Technology are two subsidiaries of the Brmaja Group, which operates in 16 countries around the world, as it is present in eight Arab and African countries.


Source: Daily News Egypt May 17, 2022 18:10 UTC



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