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Egypt's EFG Hermes completes acquisition of Arab Investment Bank

  • EFG Hermes agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt's state-owned National Investment Bank (NIB), retaining 24%.
By Reuters ·

Central Bank of Egypt signs off deal to sell 76% of Arab Investment Bank

By Mohammed Abuzaid ·

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