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Current Investments
Kuwait-based investment firm North Africa Holding – an affiliate of the KIPCO Group - announced today a partnership with Saidal, the leading pharmaceutical company in Algeria. The two companies have agreed to set up Algeria's first production plant for the manufacture of anti-cancer medicines.
In April 2011,North Africa Holding Company (NorAH), announced it has acquired a minority stake with board representation in Dar Saada Company (DSC), a Palmeraie Holding affiliate company that specializes in Social and Intermediate housing development.
In December 2010,North Africa Holding Company (NorAH), announced it has acquired a majority stake in Egyptian International Medical Center (EIMC) and its affiliate, EIMC United Pharmaceuticals EUP. EIMC is one of Egypt’s leading pharmaceutical distributors that focus on Oncology, Intensive Care Products and blood derivatives and EUP is a pioneer in manufacturing a wide range of Oncology and Intensive Care Products.
In October 2010, North Africa Holding Company (NorAH), acquired a fifty percent stake in Kandil Glass, one of Egypt's leading manufacturers of glass containers. The investment, which will allow Kandil Glass to finance the construction of a new production facility, is NorAH's first investment in Egypt.
In June 2007, North Africa Holding(NorAH), acquired 51% stake in the leading Tunisian Electro-Mechanical Equipment Company SACEM, which produces electric transformers and water boilers in MenzelBourghiba, in the northern part of the country. The company is planning to increase its turnover by 25 million Dinars (14 million Euro) by 2009, before considering its possible listing on the Stock Exchange.
For more info: http://www.sacem-tunisia.com.tn/