UAE Invests In Tobacco

Posted on 09/05/2023

The UAE’s Global Investment Holding Ltd. is taking a 30% position in Egyptian tobacco peddler, Eastern Company S.A.E. for US$ 625 million. Another US$ 150 million will go for the purchase of raw materials. Eastern Company is over 100 years old and based in Giza. Tobacco is an investment that keeps on giving. Analysts at…

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