Egypt’s SOLID Capital advising on deals worth $56 mln

Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Group, is advising on three deals through 2018, its chief executive Mohamed Reda said on Sunday.

The deals range from mergers, acquisitions, capital increases, and arranging finances in the food, poultry, food processing, grains, fodders, livestock, dairy, plastics, paper, packaging, seawater desalination, infrastructure, medical, healthcare, and chemicals sectors, Reda told Amwal Al Ghad.

“The deals are valued at 1 billion Egyptian pounds ($56 million),” Reda said.

Established in 2016, SOLID Capital is a full-fledged investment bank, duly incorporated and existing under the Egyptian laws according to law No. 95 of 1992 as an Egyptian joint stock entity. SOLID Capital was founded as a strategic alliance between Solid Capital Partners, Younnic Capital Partners (Netherlands, Switzerland, Belgium, UAE, and India), Egypt Investment Company, and a group of senior leaders of investment banking.

The Dutch venture aims to make Egypt as its regional center to offer investment bank services to the Gulf region and Africa.