Egypt’s Ridge Islamic Capital To Acquire Securities Firm Before End of 2012

Cairo-based Ridge Islamic Capital said it is studying to acquire one of the Egyptian market’s securities firms before the end of the current year.

José Ferreira Ramos, Chairman & Executive President of Ridge Solutions Group, said the company is still holding a number of negotiations aiming to resume the Islamic investment bank business in the Egyptian market.

“Ridge Islamic Capital is also studying the acquisition of one of the medium-sized companies operating in the Egyptian market before the end of 2012.” Ramos added.

Ridge Islamic Capital’s vision launched in the Egyptian market is definitely in line with the Group’s strategy to expand its business in the North Africa region within the coming years, Ramos noted.