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The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding S.A.E (EFG Hermes, HRHO on the Egyptian Exchange) are pleased to announce that they have executed agreements to acquire 76% of the capital of Arab Investment Bank (AIB or the Bank). The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to EGP 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.
Locations
Egypt
Building No. B129, Phase 3, Smart Village, 28 KM Cairo Alex Desert Road 6th of October,
Doqi,
Giza Governorate
12577
20235356499
Focus Areas
Service Focus
- Business Services
Client Focus
- Small Business
- Medium Business
Industry Focus
- Business Services
- Real Estate
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