Egypts largest drug distributor, the United Company of Pharmacists, is studying several alternatives for financial restructuring, including establishing a holding company for non-banking financial activities, selling a share of the company to a strategic investor, and obtaining a financial loan from the Arab African International Bank (AAIB), sources close to the matter told Daily News Egypt.
The sources added that the company is considering a comprehensive financial restructuring of its operations and that the idea of establishing a holding for financial activities aims to add factoring and financial leasing activity, for the purpose of factoring for clients and financial leasing to rotate the assets owned by it to create liquidity.
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