Search results
20 maj 2021 · Shares in Egypt's largest investment bank EFG Hermes rose 2.6% on the Egypt Exchange on Thursday after it acquired 51% of state-owned Arab Investment Bank (AIB), in the country's first bank...
21 lis 2021 · EFG Hermes, a leading financial services corporation in frontier emerging markets, has finalized its acquisition of a 51% stake in Arab Investment Bank, transforming it into a universal bank in Egypt. The transaction marks the first privatization in the banking sector in over a decade and involves partnership with the Sovereign Fund of Egypt.
In November 2021, EFG Hermes Holding concluded the acquisition of a majority stake amounting to 51% in the Arab Investment Bank (aiBank), along with The Sovereign Fund of Egypt (TSFE) – the Firm’s valued partner – which acquired the second-largest stake of 25%.
19 maj 2021 · EFG Hermes Holding, Egypt's biggest investment bank, will acquire 51% of state-owned Arab Investment Bank (AIB), the cabinet said in a statement on Wednesday, in the first bank privatisation in...
19 lis 2021 · Egypt-based EFG-Hermes Holding SAE completed its acquisition of a 51% stake in Arab Investment Bank. The deal forms part of efforts to become a universal bank with a frontier emerging markets investment banking platform, EFG-Hermes said Nov. 18.
20 maj 2021 · The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding have signed an agreement to acquire 76% of the Arab Investment Bank (AIB). The acquisition bid was approved by the Egyptian cabinet, on...
18 sty 2022 · Tamer Adel Seif El-Din has been the Chief Executive Officer and Managing Director of the Arab Investment Bank (aiBANK) since the beginning of January 2022. His appointment comes after the group’s acquisition of 76% of the bank’s capital was finalized. financier EFG Hermes and the Sovereign Fund of Egypt, Egypt’s sovereign wealth fund.
