is the private holding company with five divisions spread across the real estate sector (Bloom Properties), industry (Exeed Industries), trading (RISE General Trading), oil and gas (Petromaal) and the investment wing (EIIC
Top shareholders of ASEC Holding presently include Citadel Capital, FHI, EIIC and Cape Collard Investments.
The deal will be partly financed through the issue of ASEC Holding shares to EIIC in the amount of $32.
The company sold a six per cent stake in ASEC Holding and a further six per cent in United Foundries, which was recently spun-off from ASEC Holding to the EIIC
,' said Citadel Capital chairman and founder Ahmed Heikal.
oIn order to accommodate these upgrades, EIIC knew that it had to upgrade its data centre environment as well as build a solid aehigh availabilityAE system in a remote location.
EIIC is part of National Holding, a leading Abu Dhabi-based private holding company.
Aiming to play a pivotal role in contributing to the real estate developments abroad, EIIC EIIC
revealed their urban project at Algiers's first Assises du Tourisme exhibition, in the presence of Algerian Prime Minister Abdelaziz Belkhadem.
Andrew Shaw, DucabCOs managing director, said: C[pounds sterling]Ducab is determined to maintain its position as the premier cable manufacturer in the region and this partnership with EIIC
will accelerate the companyCOs growth both in the UAE and Mena.
On October 21, 2005, Global Alumina closed the first tranche of the subscription agreement and issued 25 million common shares to EIIC
In order to accommodate these upgrades, EIIC
knew that it had to upgrade its data center environment as well as build a solid 'high availability' system in a remote location.
The Dubal and EIIC
transactions were previously announced on August 11, 2005 and August 17, 2005, respectively.
To satisfy market demand, EIIC
is estimating production levels of 40,000 tonnes/year of copper and 7,000 tonnes/year of aluminium low, medium and high voltage cables, all of which will adhere to best international standards.