Arab Investment Bank

CBE approves aiBANK takeover by EFG Hermes, Sovereign Fund

The Central Bank of Egypt (CBE) approved the acquisition of 76% of Arab Investment Bank (aiBANK) by the sub-fund for financial services and digital transformation owned by The Sovereign Fund of Egypt…
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SFD, EFG Hermes sign 76 % acquisition deal of Arab Investment Bank

Sovereign Fund of Egypt and EFG Hermes announced that they have executed agreements to acquire 76 percent of the capital of Arab Investment Bank (AIB or the Bank).
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