Invesco Asset Management — one of the world’s largest asset managers — holds a 6.5% stake in CIB, equivalent to 96.95 mn shares, the leading private sector bank said in a statement (pdf) to the EGX yesterday. The fund holds 5.55% of the bank in its developing markets fund, while the rest of the shares are split between 16 other emerging-market portfolios and tracker funds.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…