With the participation of Global Appraisal Tech (GAT) in the valuation of the acquisition assets, the Saudi Egyptian Investment Company (SEIC), an affiliate of the Public Investment Fund (PIF), signed a binding agreement to acquire minority stakes in four Egyptian companies.
September 17, 2024 – December 24, 2024

Global Appraisal Tech (GAT), a leading valuation firm regulated by the Royal Institution of Chartered Surveyors (RICS) and licensed by both the Central Bank of Egypt and the Financial Regulatory Authority, announces its role as an independent valuation advisor alongside PWC Middle East for the acquisition assets of a strategic transaction executed by the Saudi Egyptian Investment Company (SEIC), wholly owned by the Public Investment Fund (PIF), involving the acquisition of minority stakes in Egyptian publicly listed companies.

The transaction was executed by the Saudi Egyptian Investment Company (SEIC)—an investment arm wholly owned by the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia—and involves the acquisition of minority stakes in four prominent Egyptian publicly listed companies, with a total transaction value of approximately USD 1.3 billion. The deal stands among the most significant foreign direct investment transactions in the Egyptian market in recent years, underscoring growing international confidence in Egypt’s strategic assets and long-term economic prospects.

The acquired portfolio comprises Abu Qir Fertilizers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling Company, and e-Finance for Digital and Financial Investments.  These companies operate across critical sectors, including fertilizers, logistics, and port operations, and financial technology sectors that are integral to Egypt’s industrial development, trade infrastructure, and digital transformation agenda.

This transaction aligns with Egypt’s national strategy to expand ownership participation, attract high-quality foreign direct investment, and maximize the value of state-owned and publicly listed assets, while further strengthening economic cooperation between Egypt and Saudi Arabia. It also falls within the broader framework of bilateral investment agreements aimed at deepening long-term economic partnership between the two countries.

GAT’s mandate focused on delivering professional asset valuations in accordance with internationally recognized valuation standards, ensuring accuracy, transparency, and reliability to support informed investment decision-making. The valuation process was carried out in collaboration with PwC Middle East, reinforcing the technical rigor and credibility of the valuation framework underpinning this strategic acquisition.

From an economic perspective, the transaction is expected to generate positive impacts by enhancing investor confidence, supporting capital inflows, and promoting the sustainable utilization of strategic national assets across key economic sectors.

About Global Appraisal Tech (GAT):

Global Appraisal Tech (GAT) is a leading valuation firm registered with the Royal Institution of Chartered Surveyors (RICS) and certified by the Central Bank of Egypt and the Financial Regulatory Authority. GAT provides accurate, transparent, and internationally compliant valuation services that support strategic investment decisions and contribute to sustainable national economic development across multiple sectors.