CAIRO, 27 December 2007 — Egyptian investment bank Naeem Holding is seeking investment opportunities in Bahrain and Qatar as part of a regional expansion plan in 2008, a company official told Reuters yesterday.
Basem El-Shawy, Naeem’s director of investment relations, said detailed plans will be announced early in the year.
Naeem Holding’s CEO told Reuters in September that the company was planning funds worth $300 million to invest in Egyptian and regional property.
Naeem Holding is also about to finalize acquisition of Saudi investment bank Naeem Saudi Arabia, which has no connection to Naeem Holding except for having shareholders in common.