Contractual ties with Abraaj Capital denied by 28 companies

Wednesday 04 July 2018 08:53 PM


By Mona Abd El-Bary & Sherif Omar
28 companies listed on the Egyptian Stock Exchange denied having any contractual ties with the UAE-based Abraaj Capital which is accused of mismanaging USD1bn Abraaj Capital's Healthcare Fund.  
The declarations came in response to queries requested by the EGX on June 25 to clarify whether they have any deals  with the private equity firm.
On the same vein, board of Misr for Central Clearing, Depository & Registry, slated to attend a meeting tomorrow, Thursday, will invite members to an extraordinary meeting on July 26 to cast their vote in referendum with  Ashraf El-Dabaa being the only candidate to the chairman post.
Contender Gen. Abd El-Salam was ordered by Financial Supervisory Authority's ruling to be removed from the candidates list  for holding executive posts at several companies.