• The Sovereign Fund of Egypt (TSFE) has purchased approximately 20% of Care Pharmacies, equivalent to 45 out of 220 branches nationwide, through E-Z International, its health-oriented subsidiary, for EGP 75 million as part of a strategic agreement with El-Ezaby Pharmacy.
• In May 2023, TSFE partnered with B Investments Holding and El-Ezaby Pharmacy to launch EZ International under its Healthcare & Pharma Subfund with the aim of expanding local pharmaceutical services.
• EZ International plans to offer a wide range of services to domestic pharmaceutical firms, including logistical, clerical, trade, and supply chain solutions.
The Sovereign Fund of Egypt (TSFE) has bought roughly 20% of Care Pharmacies, or 45 out of 220 branches nationwide, through its health-oriented subsidiary, E-Z International.
This EGP 75 million purchase forms a strategic agreement with El-Ezaby Pharmacy to expand pharmaceutical services for the local population.
Additionally, TSFE partnered with B Investments Holding and El-Ezaby Pharmacy in May 2023 to launch EZ International under its Healthcare & Pharma Subfund.
EZ International will provide a comprehensive array services ranging from logistical and clerical assistance to trade and supply chain solutions to domestic pharmaceutical companies.
The initial phase of implementation will be in over 250 El Ezaby branches across the country, followed by expansion into an additional 250 local pharmacies.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
