Arab Investment Bank acquisition expected to be finalised by early Q2 2021 ...Egypt

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Arab Investment Bank acquisition expected to be finalised by early Q2 2021
EFG Hermes and The Sovereign Fund of Egypt (TSFE) aim to finalise their acquisition of the Arab Investment Bank (AIB) by early second quarter (Q2) of 2021. The National Investment Bank (NIB) has a majority stake of 91.42% in the AIB. EFG Hermes and TSFE aim to jointly obtain 76% stake in the AIB (...)

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