IEEC unveils 2 acquisition agreements

Updated 12/21/2025 11:02:00 AM
IEEC unveils 2 acquisition agreements

Arab Finance: The board of Industrial and Engineering Enterprises Company (IEEC) approved acquiring Enterprise Sigma Technology’s shares for an amount of EGP 300 million, according to a bourse disclosure.

During their meeting on December 20th, the board members greenlighted the acquisition of Smart Parking Company in exchange for a maximum value of EGP 400 million.

The transactions’ amount will not exceed the fair value determined by an independent financial advisor.

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