The board of directors of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved a decision to proceed with setting up a securitisation company.
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The company will be established with an authorised capital of EGP 100 million and issued capital of EGP 10 million, ADIB Egypt said in a bourse disclosure on Sunday.
The bank will own 98% of the to-be-established securitisation company.
