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State-owned NIB prepares for liquidation
SMART POLICY- State-owned NIB prepares for liquidation: The government is moving ahead with its plan to liquidate the National Investment…
To universal bankhood, and beyond
EFG and the SFE have inked agreements to buy a supermajority stake in AIB in a transaction worth some EGP…
Moves: Asraf Mohamed Negm tapped as NIB’s vice chairman, MD
Amer Group has appointed Riad Refaat (Linkedin) as CEO and managing director of the holding group, replacing the very recently…
EFG board greenlights Arab Investment Bank acquisition
EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab…
Shaking off the cobwebs
The government is going to do a new valuation on Abu Qir Fertilizers as it prepares a new timeline for…
Sovereign Fund eyes controlling stake in e-Finance
SFE eyeing controlling stake in e-Finance ahead of its IPO? The Sovereign Fund of Egypt is reportedly in negotiations to…
Also on our radar on 6 December 2020
Still more metro + railway news: Bombardier is set to begin manufacturing in 1Q2021 the railcars for the two planned…
NI Capital in talks with Bank Audi for acquisition of Arabeya Online brokerage
M&A WATCH- NI Capital eyes Arabeya Online acquisition: State-owned investment bank NI Capital is in talks with Bank Audi to…
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