Arab Finance: Arabia Investments Holding’s (AIH) board of directors has decided to appoint a financial advisor to conduct a fair value (FV) study on two subsidiaries that Jaf Investment showed interest in acquiring, according to a statement sent to the Egyptian Bourse on May 9^th.

Accordingly, the board will review the submitted offer again to approve the FV study once Jaf Investment obtains the Financial Regulatory Authority’s (FRA) pre-approval of the potential acquisition.

On May 3^rd, AIH announced receiving two offers from Jaf Investment to acquire a 30% stake in its subsidiary UE Finance for EGP 147 million and to buy 30% of the shares of Rawaj Consumer Finance for EGP 30 million.

AIH, formerly Arabia Investments Development Financial Investments Holding Company, is an Egypt-based company that invests in fields such as power, building materials, automotive, and oil and gas.

The company focuses on diversified development, offering infrastructure, construction, and industrial solutions.

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