Middle East Economic Survey
Kuwaiti-Algerian Investment Fund Buys 15% Of Sidal
The Kuwaiti-Algerian Investment Fund has bought 15% of Sidal, the public Algerian pharmaceutical company. The AD1.2bn ($16.5mn) deal was signed on 4 November, one day after Algerian Prime Minister Ahmed Ouyahia announced the start of the privatization of 1,200 public companies. Sidal is the biggest pharmaceutical company in Algeria and provides 45% of local...