NO. 44


Financial andBanking News

Capital Markets

...And Shares In Another Egyptian Company Are Privatized

The owners of the Cairo Sheraton Hotel are expected to sell a 40% stake tothe Arab Investment Company for Touristic Development, a privately-owned companypredominantly owned by Libyan shareholders. The Sheraton is owned by thestate-owned EGOTH tourist company, which in turn comes under the umbrella ofthe Tourism and Cinema Holding Company. The Arab Investment Company...