Arab Finance: The total valuation of Giza Systems, in which B Investments Holding (BINV) sold an indirect stake of 44.7%, has increased to $128 million from $119 million after the review of its working capital and cash balances, according to a statement sent to the Egyptian Exchange (EGX).
It is noteworthy that B investments announced on October 4th it finalized the sale of its entire stake in Giza Systems to Solutions by STC, a subsidiary of Saudi Telecommunications Company (STC), for a total equity value of $119 million.