ArabFinance: Zilla Capital has acquired Naeem Holdings (NAHO) subsidiary, Naeem Capital Investment, according to a statement to the Egyptian Exchange (EGX) on October 31^st.

Naeem Capital has an asset management license, but did not have any assets under management at the time of the acquisition.

The company did not disclose the value of the transaction.

Additionally, Zilla has acquired an unnamed financial leasing company and is looking to acquire 25% stakes a logistics outfit and a pharma company.

The investment firm has plans to establish a microfinance arm and an SME financing firm, and to set up a private equity fund to invest in African equities within the next three months.

It will also be adding to its roster four new portfolios in the next few days, targeting EGP 1.5 billion in assets under management by the end of 2022.