Egyptian MPCC chief refutes PIF investment reports
Monday, 22 August 2022
RIYADH, Aug 21 (Arab News): The chairman of the Egyptian Media Production City Company (MPCC) on Sunday refuted reports claiming Saudi Arabia's Public Investment Fund was mulling investing in the company.
"There are no negotiations, either from near or far, about selling a share of the Egyptian Media Production City Co. to the Saudi sovereign fund," Abdel Fattah Al-Jabali told Asharq.
Asharq also reported that two unnamed sources revealed that the PIF did not express any interest in acquiring stakes of the Egyptian company.