Cairo - Mubasher: B Healthcare Investments Company, a subsidiary of B Investments Holding, is close to securing final approvals for a capital increase to EGP 1 billion.
The proceeds of the capital hike will be utilized to fund the subsidiary’s expansion plans in Egypt and key GCC markets, according to a bourse filing.
The capital increase will witness the participation of existing as well as new investors, including the Commercial International Bank (CIB), Al Baraka Bank Egypt, Misr Insurance, and Misr Life Insurance.
They will join current shareholders such as the Pharma Sub-fund, part of the Sovereign Fund of Egypt (TSFE), and a prominent businessman.
In the first quarter (Q1) of 2025, B Investments Holding logged EGP 70.28 million in consolidated net profits after tax, marking an annual plunge from EGP 950.64 million.
