Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Group, is seeking to conclude 13 deals valued at 5 billion Egyptian pounds ($310 million) by the end of the current year, its chief executive Mohamed Reda said. He further told Amwal Al Ghad that The deals range between industrial and production sectors with targeted market share of 15 billion pounds when offered in the Egyptian Bourse. He explained that his company's activity focuses on direct investments for its benefit or in favour of other companies. He further added that his company succeeded during the first half of this year in restructuring about 10 companies whose capital are between 100 million pounds and 1.5 billion pounds, the deals are totaling an amount of 4 billion pounds. The companies fields are range between direct investments and settling debts in the transformative Industries, packaging, seawater desalination, infrastructure, medical, healthcare, and chemicals sectors. 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.
