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UAE's Chimera invests $100m in Egyptian billionaire Naguib Sawiris' Gemini

RIYADH: Egyptian billionaire Naguib Sawiris has announced a $100 million deal with Abu Dhabi’s Chimera for investment in Egypt’s real estate. Through its subsidiary, Chimera subscribed to a capital increase in Egypt’s Gemini Global Development in return for acquiring a minority stake in the company, Asharq reported. This capital increase aims to develop and expand the real ....

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