Qalaa plans to raise $300 million from Sale of Non-core Assets

Qalaa Holdings, one of Egypt’s largest investment companies, aims to raise around US$300 million in the medium term through divestments.

In a statement on Monday, the firm said it intends to focus on investments in energy, cement, construction, transport, logistic support, mining, and food sector.

Qalaa runs US$9.5 billion in assets under management, including dozens of firms mainly in Egypt, east and North Africa.