Mashreq Bank considers purchasing majority stake in Arab Investment Bank

M&A WATCH- The UAE’s Mashreq Bank is considering acquiring a controlling stake in Egypt’s Arab Investment Bank (AIB), sources familiar with the matter told Al Shorouk. The bank is currently 91.4% held by the National Investment Bank (NIB), with the government holding the remaining 8.58%. NIB recently held talks with investors about purchasing stakes in seven state-owned companies.