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AIH offers investments in contracting unit

AIH offers investments in contracting unit

ArabFinanceArabia Investments Holding’s (AIH) board of directors has approved to offer its subsidiary Arabia International Contracting (AIC) as investments for sale, according to a statement filed on Wednesday on the Egyptian Exchange (EGX).

The board accepted an offer presented by Zarkana for Legal Consultancy to pave the way for the initiation of study for selling investments in AIC, the statement revealed.

Members of the board also approved forming an agreement with an independent financial consultant to determine the fair value (FV) for the deal.

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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