P R E S S R E L E A S E
40, LEBANON STREET, MOHANDESSIN, GIZA, EGYPT | P.O. BOX 12411
TELEPHONE: +2 (02) 302 3799 | FAX: +2 (02) 303 4099
N A E E M H O L D I N G C O M P A N Y
N a e e m H o l d i n g A n n o u n c e s A c q u i s i t i o n o f
A r a b e y a O n l i n e , E g y p t ’ s L e a d i n g E - T r a d i n g
C o m p a n y
H a n y a n d H i s h a m T a w f i k , t h e I n v e s t m e n t
B a n k i n g E x p e r t s , t o J o i n N a e e m H o l d i n g B o a r d
o f D i r e c t o r s
Cairo, February 11, 2007
Naeem Holding announces signing preliminary agreements to acquire
Arabeya Online Company. Arabeya Online was ranked first in internet
trading in Egypt since its inception in July 2006. In addition, Hisham
and Hany Tawfik, the investment banking experts are to join Naeem
Holding Board of Directors as executive and non-executive Board
members respectively.
About Arabeya Online
Arabeya Online is the first securities brokerage company to start online
trading activity in Egypt. Its paid-in capital is 5 MEGP. It currently has
a sizeable active client base. Arabeya Online recorded 20,950
successful online trades during January 2007, which placed the
company ahead of its competitors.
Arabeya Online provides a competitive product mix including: technical
and fundamental research, direct execution and instant update of
client accounts, and low commissions. Trading via internet unlocks
great potential, and capitalizes on the undergoing world technological
boom. In light of having a limited number of e-trading companies that
are licensed to trade in the Cairo and Alexandria Stock Exchanges in
Egypt, Arabeya Online is well-positioned to capture the a bigger share
of this market as a leader and the first to introduce this service in
Egypt which leads to a higher growth rate of its local and international
clients as well as their dealing size.
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The Acquisition
Dr. Abdelrahman Al Husiaini, Chariman of Naeem Holding