Bank Audi is considering exiting its investment in Egypt’s Arabeya Online Brokerage, sources close to the matter tell Al Borsa. The bank conducted studies to identify the firm's’ strengths and weaknesses and resolve any issues ahead of valuation studies. Audi Bank owns 100% of Arabeya through the Sardar Group.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…