Public Investment Corporation invests US$50m in Aradei Capital

MOROCCO – Public Investment Corporation (PIC), on behalf of the South African retirement fund Government Employees Pension Fund (GEPF), is investing US$50 million for a 13% stake in Aradei Capital.   This transaction allows Aradei Capital to diversify its financing and to welcome a leading international shareholder alongside the Label’Vie Group (LBV), the European Bank for Reconstruction and Development (EBRD) and other groups such prestigious companies as Sanam Holding and Best Financière, said Aradei Capital in a press release.   The company aims to position itself as a leading real estate company…

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