The company’s paid-up capital is 800 million pounds, distributed over about 160 million shares, with a nominal value of 5 pounds per share. The company’s ownership structure is 44.4% distributed to the Egyptian billionaire Samih Sawiris, Remco Investment, the European Investment Bank, and Chairman of the Board of Directors of B Investments, Hazem Barakat. The percentage of the company’s shares is freely traded on the stock exchange at 55.6%.
The Egyptian “B Investments” will invest two billion pounds in the health and food sectors during 2023
The company’s share jumped on the Egyptian Stock Exchange by about 17% as soon as it started trading in today’s session, before the intensity of the rise eased to 15% by 09:15 GMT, to record 22.99 pounds, taking over the second highest trading values in the market.
In October 2022, B Investments sold its entire stake in Giza Systems, amounting to 44.7%, as an indirect stake through the subsidiary “Energia Technologies”, to the Arab Company for Internet and Communications Services “Solutions” affiliated to the Saudi Telecom Company. STC, with a value of $128 million.
At the end of last year, it also sold its stake in Total Energies Egypt for about $30 million.
B Investments Holding was established in 2005, and its shares were listed on the Egyptian Stock Exchange in July 2015, and it specializes in investing in capital across a variety of sectors, such as real estate development, oil and gas, IT systems integration, non-bank financial services, renewable energy, and manufacturing, food and beverage.