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TBS Holding and Shahia Investments partner to launch bakery plant in Saudi Arabia
TBS Holding has partnered with Shahia Investments to establish a modern bakery plant in Saudi Arabia, aiming to enhance market share and meet the rising demand for high-quality baked goods. The project, set to begin in 2026, will leverage advanced technologies to improve production efficiency and support economic growth in both countries. This collaboration is expected to facilitate foreign currency flow into Egypt and strengthen the local market's capabilities.
A Ventures increases stake in Mrkoon to support regional expansion efforts
A Ventures has increased its stake in Mrkoon from 20% to 28% through a new bridge round, reinforcing its commitment to the digital marketplace for scrap and surplus materials. This investment aims to support Mrkoon’s regional expansion into the GCC, capitalizing on rising demand for digitized supply chain solutions. CEO Mohamed Shalabi emphasized that the partnership extends beyond funding, focusing on strategic insights and technology improvements to drive growth.
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