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Related Articles
Business Finance

Saudi PIF’s SRC inks 133mln real estate financing deal with Riyad Bank

North Africa Post

The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a SR500 million ($133.13 million) real estate financing portfolio, reports say. Fabrice Susini, CEO of SRC and Tareq Al-Sadhan, CEO of Riyad Bank signed the deal in the presence of of […]
Energy

Nigeria’s NNPC adopts Saudi Aramco’s security model to curb oil theft

North Africa Post

Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. According to the CEO of the Nigerian National Petroleum Company (NNPC), Mele Kyari, the new security architecture would be unveiled soon and help to curb massive oil pipeline vandalism that […]
Egypt Headlines

Egypt postpones IPO for state-run Banque du Caire over covid-19

North Africa Post

Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]