Egypt’s Ayady launches new firm, with 250 mln pounds issued capital

Egypt’s Ayady Company for Investment and Development says it has launched a new firm, namely Creative Media Ventures, with issued capital of 250 million Egyptian pounds ($14.1 million).

Osama Saleh, Ayady’s chairman, said Creative Media Ventures seeks to pump investments in medic sector in order to develop the industry.

Established in March 2015, Ayady mains to achieve economic growth to improve living standards for Egyptians and accomplish this by tapping into attractive projects that contribute to the creation of economically beneficial ventures all over the country and ensure high returns on investment.