Arab Today, arab today saudi cpc acquires egypt’s sphinx glass company for egp 816m
Last Updated : GMT 13:45:24
Arab Today, arab today
Arab Today, arab today

Saudi CPC acquires Egypt’s Sphinx glass company for EGP 816M

Arab Today, arab today

Arab Today, arab today Saudi CPC acquires Egypt’s Sphinx glass company for EGP 816M

Egypt’s Sphinx glass company
Cairo - MENA

Construction Products Holding Company (CPC), part of the Saudi Binladin Group, signed a contract on Tuesday to acquire 100% shares of Egypt’s Sphinx Glass company for 816 million pounds.
The two companies held a press conference on Tuesday to announce the acquisition.
The deal is totally estimated at 1.3 billion pounds before excluding debts and liabilities which will be incurred by the Saudi company.

 

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