Egypt's Sovereign Fund secures 20% ownership in Care Pharmacies

In a collaborative effort with E-Z International, Egypt's Sovereign Fund has successfully obtained a stake of around 20 percent in Care Pharmacies for a sum of LE 75 million. This acquisition was made through the Sovereign Fund's specialized healthcare subsidiary.

 

As part of this deal, the Sovereign Fund has gained ownership of 45 pharmacies, which make up a significant portion of the total 220 branches operated by Care Pharmacies across Egypt.

 

 The necessary procedures and transfer of ownership are scheduled to be finalized in the coming weeks.

The strategic partnership between Egypt's Sovereign Fund and El Ezaby Pharmacy aims to expand the accessibility of pharmaceutical services to the citizens of the country. By improving the provision of medication services to the public, the objective is to ensure an enhanced healthcare experience for all individuals.