Batterjee Holding eyes double investments in Saudi; subsidiaries' Nomu IPO likely: Chair

13/04/2025 Argaam

Batterjee Holding eyes double investments in Saudi; subsidiaries' Nomu IPO likely: Chair

Mazen Batterjee, Chairman of Batterjee Holding Co.

Batterjee Holding Co. plans to ramp up its investments in Saudi Arabia from $150 million (SAR 563 million) to $300 million (SAR 1.13 billion) during 2025, said Chairman Mazen Batterjee.

 

In an interview with Asharq Bloomberg TV on the sidelines of the Egyptian-Saudi Business Forum in Cairo today, April 13, Batterjee revealed that his company is considering the listing of some of its subsidiaries on the Nomu-Parallel Market.

 

The company’s revenues from its operations in the Egyptian market currently represent 15% of total revenues, said Batterjee, expecting this figure to rise to 20% in less than a year.

 

The top executive also revealed that the company has earmarked $200 million in investments in the Egyptian real estate and industrial sectors, including pharmaceuticals, foods, building materials and plastics.

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