Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into several transactions with listed companies in Egypt.

ADQ has acquired stakes in Commercial International Bank (CIB), Fawry, Alexandria Container & Cargo Handling Company, Misr Fertilizers Production Company (MOPCO), and Abu Qir Fertilizers and Chemical Industries, according to a press release on Wednesday.

These transactions are part of ADQ's objective to invest in Egypt's economic growth through its $20 billion joint strategic investment platform.

The Managing Director and CEO of ADQ, Mohamed Hassan Alsuwaidi, said: "Since the inception of ADQ’s $20 billion strategic investment platform with the Sovereign Fund of Egypt, we have executed several investment opportunities in Egypt, with the aim to deliver robust commercial benefits and sustainable growth."