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
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…