Egyptian, Saudi, Emirati Firms Announce USD 800 Million Merger

A coalition of Egyptian, Saudi, and Emirati companies has announced an $800 million merger in the industrial sector, set to take place in October.

Zilla Capital, a financial services company involved in the merger, estimates an additional $300 million in mergers and acquisitions over the next six months. By the end of 2024, Zilla Capital will launch its fund and portfolio management arm in Saudi Arabia, initially managing a portfolio of $300 million.

The company will collaborate with a financial institution in Saudi Arabia to increase investments across the Arab world, Europe, and the USA.