Abu Dhabi acquired the profitable companies in favor of Tel Aviv – the gateway to freedom and justice

The recent deals of the coup leader, Sisi, to bin Zayed, during which he sold Egypt’s assets to the UAE, sparked an unprecedented wave of high prices and severe economic decisions, causing a wave of anger on social media.
Observers suggested that the UAE’s purchase of economic assets and Egyptian profitable companies would be arranged with the occupying country, expecting that Abu Dhabi would be just an agent for the occupation in Egypt, especially since the decision coincided with a meeting between Naftali Bennett, Prime Minister of the occupied entity and Abu Dhabi Crown Prince Mohammed bin Zayed and Abdel Fattah Al-Sisi in Sharm El-Shaikh.

Tito (@TetoTm00) said, “Is it true that he sold the assets of the Abu Qir Fertilizer Factory? The Abu Qir Factory, which we used to stop in for a week because of the traffic to get a move from it?
The Saudi academic, Dr. Saeed bin Nasser Al-Ghamdi, via (@saiedibnnasser), pointed out that “the UAE’s exploitation of Egypt’s deteriorating situation to acquire important and large assets in Egypt due to the military’s confusion or theft.”
He added, “All this Emirati exploitation is despicable and a conspiracy against the future of Egypt and its future generations, and it is a pledge to a country groaning under oppression, poverty, weak sovereignty and the penetration of Zionists.”

undisclosed arrangement
And on Facebook, Yasser Shalaby Eltany said, “Don’t you think that the Emirates bought it. The fact is that the Emirates bought it in an arrangement with the occupying country, and after a meeting between Naftali Bennett, Prime Minister of the occupied entity and the UAE, and Abdel Fattah Al-Sisi in Sharm El-Sheikh… this is how They sell your country while you are sitting and the people are eating from the trash.”
He explained that the companies bought by the Abu Dhabi sovereign fund were:

– Abu Qir Fertilizers Company achieved profits in the last six months of 2021 amounting to 3.2 billion pounds, which is double what it achieved in the last half of 2020.

Alexandria Container Company achieved profits of 717.7 million pounds in the last six months of 2021.

– Misr Fertilizer Production Company “MOPCO” achieved 29% profits from the first of 2022 to now quarterly, and the company’s sales had increased in the last three months to 637.58 million pounds at the end of this March, the company achieved a net profit of 2.48 billion pounds during 2020 compared to 1.64 billion pounds during 2019, and the financial indicators of MOPCO, announced last February 2022, showed an increase in net profit of 1.14 billion pounds during 2020, compared to 830.42 million during the same period in 2019.

This is in addition to the 18% stake in Commercial International Bank.

Shalaby added that “all the billions and millions above this were bought by the Abu Dhabi Sovereign Fund and paid in them 2 billion dollars. It is worth mentioning that the same investor who is the Abu Dhabi Sovereign Fund bought the land of Nozha Airport, it is very important to know the details of all these unannounced deals, And there is no media or press that has any knowledge of the details of these deals.”


Abu Dhabi acquisitions
On Wednesday, Bloomberg Agency disclosed that Abu Dhabi’s sovereign fund has acquired stakes in Egyptian fertilizer and shipping companies as part of an investment of about $2 billion in the country, according to a person familiar with the deal.

The agency indicated that the fund actually acquired state-owned stakes in Abu Qir Fertilizers and Chemical Industries, the Misr Fertilizer Production Company, and the Alexandria Company for Container and Goods Handling.

It added that the Alexandria Container and Cargo Handling Company refused to comment, and officials at Abu Qir and Misr Fertilizers, also known as MOPCO, said that “selling any stakes would be the prerogative of the existing shareholders.”

On March 21, the sovereign wealth fund acquired stakes in Fawry Banking and Payment Technology and Commercial International Bank, the largest listed bank in North Africa, and half of the value of the deal is derived from the sale of about 18% of the shares of CIB.
A Bloomberg correspondent in Cairo revealed that he was subjected to unreasonable harassment.
Activists said, “This was after the agency exposed the government’s failure to manage the economy, and the agency’s new revelation was that $15 billion had gone out of hot money, not $3 billion, as Reuters said.”
Bloomberg attributed the exit of billions to the American multinational financial and investment services institution known as “Goldman Sachs”, as saying that the $15 billion that escaped from Egypt was during the last three weeks.


Selling Egypt’s assets
The researcher, Ahmed Mawlana, via (@amawlana84), considered that “the Egyptian regime’s talk about bringing in foreign investments by selling the government’s share in profitable companies such as Abu Qir Fertilizers, Fawry and the Emirates Commercial International Bank is pure fraud. The matter has nothing to do with bringing investments but selling profitable assets, knowing The debts and their interests currently exceed 60% of the size of the Egyptian annual budget.
Farghaly Taha wrote via (Farghaly Taha) on Facebook that the deal preceded its announcement, “The Israeli newspapers, we learned of a deal with the UAE worth two billion dollars, in which Egypt sold a third of the value of the shares of the Commercial International Bank, and sold the electronic collection and payment company “Fawry”.
He added wondering, who sold and who negotiated to complete the deal and when? Where are the people’s representatives? How can the people of Egypt be the last to know? Is the sale to the Emirates or is it just a front or agent?
He added that from the Israeli newspapers, we also learned about the presence of the Israeli Prime Minister in Egypt and that a tripartite meeting will take place with Sisi and with him, Crown Prince of the Emirates, Mohammed bin Zayed, after which Egypt Today TV was forced to broadcast the news of the meeting, without any reference to the research topics.
One of Abu Dhabi’s sovereign wealth funds concluded an agreement with the Egyptian government, according to which it would acquire the government’s stakes in companies, Abu Qir Fertilizers and Chemical Industries, Misr for the production of fertilizers, MOPCO, and Alexandria for the handling of containers and goods, according to sources who spoke to Bloomberg.
So, the details of the Sovereign Wealth Fund’s deal in Abu Dhabi to acquire assets in Egypt, so far, on five assets, and they were as follows:

1- A stake in the Commercial International Bank.

2- Share in Fawry Company.

3- A share in Abu Qir Fertilizers.

4- Stake in MOPCO Fertilizer.

5- Stake in Alexandria for containers.

And that negotiations are underway with the coup to pay the UAE $2 billion,
The UAE acquired the Egyptian Atyab Company, and in return for this operation it clarified investments in the range of 2.3 billion dirhams, equivalent to 9.8 billion pounds in its acquisitions, of which 1.52 billion dirhams, equivalent to 6.4 billion pounds, were loans from Egyptian banks.
From the heart of the earthquake of the second flotation of the pound, on March 21, Abu Dhabi Holding Company, which is affiliated with the Abu Dhabi sovereign fund, announced the acquisition of 18% of CIB Egypt and the Egyptian government’s stakes in four companies listed on the Egyptian Stock Exchange, including Fawry.
It is noteworthy that Abu Dhabi Holding and Aldar Real Estate in the UAE acquired the Egyptian company SODIC in 2021, and Abu Dhabi Holding acquired Amoun Pharma and Atyab Food.

cheap
Haitham El-Sedfawy described via (Haytham El Sedfawy) on Facebook that the deal “occupied teachers” and that it took place amid the exchange rate turmoil.
And he said, “While you are in your best interest, the following would happen.”

Picture 1 (Sheikh Mohammed bin Zayed arrives at Sharm El Sheikh Airport).

Picture 2 (the share of the Commercial International Bank, the submarine rider, from the beginning of the month, and its price drops from 49 pounds to forty pounds until the end of last week, during the month of March only) meaning that it lost approximately 20% of its value.

Picture 3 (The Central Bank of Egypt raises the interest rate), so the value of the Egyptian pound decreases by 20%.

Picture 4 (Abu Dhabi Sovereign Fund buys 18% of the shares of the Commercial International Bank) on the same day that Mohamed bin Zayed delivers Egypt, and also on the same day the value of the pound depreciated.

Picture 5 (The share price of the Commercial International Bank rises to 48 pounds on the same day and after the end of the deal).
And he added, “With paper and pen, if you wanted to buy a share in the CIB Bank at the beginning of March, you would have paid $3.1 for it. If you had bought the stock on Monday morning, yesterday after the decisions of the Central Bank, you would have paid $2.1 in the stock. You saved how much, boss?”

A dollar in the case of the stock, I mean the purpose of each share you will buy at these prices, you take half a share as a gift, love, like it, I mean if you were to pay 2 billion dollars to get 10% of the shares on the first of March, wait two weeks three and take 18% for the same value .

And what, not only that, after you buy, 18% of you are unwell, who even you still don’t see, their value will increase by 6% on the same day, meaning that you paid them in the morning 2 billion, you can take them for modernity 2 billion and 120 million dollars, and you are still your flying boat.”


Source: بوابة الحرية والعدالة by fj-p.com.

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