PH
The Egyptian investment holding company GTEX for Commercial and Industrial Investments, managed by billionaire Alaa Arafa, began trading on the Egyptian Exchange’s (EGX) Main Board on March 24, marking a key milestone.
Following its demerger from Al-Arafa for Investments and Consultancies S.A.E., GTEX has been listed on the EGX platform with an initial market capitalization of $19.8 million (as of writing).
This decision marks a watershed moment for GTEX, paving the way for public ownership and demonstrating the company’s commitment to global growth. The corporation intends to use its industrial interests, which include Golden Tex Wool corporation and the UK-based Bird Group, to gain a competitive edge.
GTEX has established itself as a top investment holding company with a diverse portfolio across many sectors. GTEX encompasses textiles, real estate, retail, and financial services. Notably, a sizable chunk of GTEX’s portfolio is underpinned by a shareholding in Goldentex Wool Co., a prominent textile company with a strong export footprint.
In response to the successful listing, Arafa, GTEX’s vice chairman and managing director, expressed delight in founding the firm and stressed its commitment to increasing investments in textiles, fabrics, and retail. Arafa highlighted ambitions for domestic and worldwide export growth through innovation, scientific research, and technological breakthroughs.
Alaa Arafa’s journey displays both his vision and leadership. He converted his family’s business into Arafa Holdings, a well-known garment and textile maker and fashion retailer. He ventured into the energy business with Dolphinus Holdings, demonstrating his determination to succeed. Arafa’s assets include real estate, agriculture, cement, and food, boosting Egypt’s economy.
Beyond business, Arafa is highly committed to philanthropy. He cofounded Yahiya Arafa’s Children Charity Foundation, which supports public hospitals in Egypt that serve disadvantaged children, demonstrating his commitment to social welfare.
GTEX, led by Arafa, is positioned for continuing expansion and success in the worldwide market thanks to strategic investments and a diverse portfolio that includes companies such as Baird Group, which manages brands across both physical and digital marketplaces.
