Abraaj Capital Invests Medical Testing

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Middle Eastern investment bank Abraaj Capital has acquired a 76.9% stake in Egypt's largest medical testing company, Al Borg Laboratory, through a public tender offer. Al Borg operates a network of 60 laboratories in Egypt. It also holds a minority stake in Mokhtabar Al Borg Saudi Arabia, which operates 14 branches in Saudi Arabia, four in the UAE and one in Qatar.