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Gulf consortium eyes stake in Empower
Empower to raise EGP 400 mn from stake sale to Gulf consortium: A consortium of three Gulf companies and banks…
NBE pushing into non-bank financial services
Al Ahly Capital has wrapped up its acquisition of a 75% stake in e-payments player Momken, National Bank of Egypt…
Cheiron, Cairn to acquire Shell Egypt’s onshore assets
Cheiron, Cairn to acquire Shell assets in a transaction worth up to USD 926 mn: Shell has agreed to sell…
Banque Misr won’t hike its offer price for CI Capital
Banque Misr says it has no plans to hike the price it’s willing to pay to raise its stake in…
Saudi wealth fund to take top offshore outfit ADES International private
Saudi Arabia’s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The…
CI Capital rejects Banque Misr’s offer price
CI Capital has rejected an offer by Banque Misr to acquire a 90% stake in the company. The state-owned bank…
Al Ahly Capital closing in on Momken acquisition
Al Ahly Capital is reportedly in the final stretch of acquiring a majority stake in e-payment firm Momken in a…
Bank Audi Egypt = FAB in 2Q2021
Bank Audi will be fully integrated into First Abu Dhabi Bank (FAB) during 2Q2021 after receiving the approval of the…
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