Zilla Capital has closed the strategic investment of AfricInvest, a leading pan-African investment platform, in The British University in Egypt (BUE).

Zilla Capital Investment Bank has advised Juhayna Food Industries on a strategic partnership with AlRashed Group, a food distributor in Saudi Arabia.

Act Financial is planning to raise EGP 1.04 billion in a private placement of 300 million shares on the Egyptian Exchange (EGX) from July 9th to 18th, and an initial public offering (IPO) of 60 million shares until 23rd, Managing Partner and Co-Founder Mostafa Abdelaziz said in a press conference on July 2nd.

The Egyptian investment bank Zilla Capital will establish an investment portfolio management firm in Saudi Arabia, in partnership with a Saudi financial institution, Zilla Capital’s CEO Moustafa El-Shenety said.