Global Investment House signed an agreement to acquire a 30% stake in Eastern Company S.A.E from Chemical Industries Holding Company S.A.E. for EGP 19.3 billion on September 3, 2023. EFG Holding acting as financial advisor to Global Investment House.

Global Investment House completed the acquisition of 30% stake in Eastern Company S.A.E from Chemical Industries Holding Company S.A.E. for for EGP 19.3 billion November 16, 2023. The buyer will purchase the 669 million shares at EGP 24.52 per share, totaling EGP 16.43 billion. Additional Payment: The buyer commits to an additional payment of EGP 4.38 per share, amounting to EGP 2.92 billion. This extra amount is an integral part of the total transaction value.