{"id":559094,"date":"2021-01-10T03:45:10","date_gmt":"2021-01-10T03:45:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/"},"modified":"2021-01-10T03:45:10","modified_gmt":"2021-01-10T03:45:10","slug":"the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/","title":{"rendered":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>EFG Hermes and the Sovereign Fund of Egypt (SFE) will wrap up their acquisition of the <\/strong><strong><a href=\"https:\/\/www.aibegypt.com\/\">Arab<\/a><\/strong><strong><a href=\"https:\/\/www.aibegypt.com\/\"><\/a><\/strong><strong><a href=\"https:\/\/www.aibegypt.com\/\">Investment Bank<\/a><\/strong><strong> (AIB) a month later than planned.<\/strong> <a href=\"https:\/\/bit.ly\/35mi7sj\">Masrawy<\/a> reports that their <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/493e0457-82af-4b27-9c7f-1ab2d8301a49\">acquisition of a 76% stake<\/a> in the state-owned bank will likely be finalized by the end of March, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a034151-6cf1-45e9-b04c-516afeba12ee\">rather than in February as previously thought<\/a>.<\/p>\n<p><strong>What\u2019s with the delay? <\/strong>The lawyers are taking longer than expected, sources say.<\/p>\n<p><strong>Background:<\/strong> EFG Hermes and the SFE <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/493e0457-82af-4b27-9c7f-1ab2d8301a49\">announced in June<\/a> that they had been given the green light by the central bank to start due diligence on the AIB, and that they planned to purchase the stake through a capital increase to EGP 5 bn, which they were hoping to complete before the end of 2020. EFG would become the controlling shareholder with at least 51%, while the SFE would take no more than 25%. The state-owned National Investment Bank currently holds 91.4% of AIB, while the Federation of Arab Republics owns the remaining 8.6%.<\/p>\n<p><strong>AND IN OTHER M&A NEWS- <\/strong><\/p>\n<p><strong>Egyptian-founded research publisher <\/strong><strong><a href=\"https:\/\/www.hindawi.com\/\">Hindawi<\/a><\/strong><strong> was acquired by publisher <\/strong><strong><a href=\"https:\/\/www.wiley.com\/en-us\">Wiley<\/a><\/strong><strong> for<\/strong><strong> USD 298 mn<\/strong>, <a href=\"https:\/\/newsroom.wiley.com\/press-releases\/press-release-details\/2021\/Wiley-Announces-the-Acquisition-of-Hindawi\/default.aspx?HootPostID=19fd7cbc-6090-4468-9c09-e5234179bae8&Socialprofile=wiley+in+research&Socialnetwork=facebook\">Wiley<\/a> and <a href=\"https:\/\/bit.ly\/35n02ub\">Hindawi<\/a> announced on Tuesday. UK-based Hindawi \u2014 founded in Egypt back in 1997 by Ahmed Hindawi and his wife Nagwa Abdel Mottaleb \u2014 is one of the world's largest fully open access journal publishers and publishes more than 200 peer-reviewed scientific journals via its in-house Phenom platform. The company is projected to see 50% y-o-y topline growth in its FY ending 31 December 2020, generating some USD 40 mn turnover. \u201cThe acquisition of Hindawi enables Wiley to move farther and faster toward our goal of meeting the world\u2019s \u2026 need for new knowledge,\u201d said Wiley president and CEO Brian Napack. Hindawi has an office in London as well as one in Cairo\u2019s Nasr City. You can read more about the founders <a href=\"https:\/\/poynder.blogspot.com\/2012\/09\/the-oa-interviews-ahmed-hindawi-founder.html\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes and the Sovereign Fund of Egypt (SFE) will wrap up their acquisition of the ArabInvestment Bank (AIB) a month later than planned. Masrawy reports that their acquisition of a 76% stake in the state-owned bank will likely be finalized by the end of March, rather than in February as previously thought. What\u2019s with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[84,72,1473,7128,370,112],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559094","post","type-post","status-publish","format-standard","hentry","category-ma-watch","tag-efg-hermes","tag-enterpriseam","tag-investment-banking","tag-ma-watch","tag-sovereign-fund-of-egypt","tag-uk","wpautop","entry"],"acf":{"mongo_id":"d6ab522a-834e-4db2-abd6-7c56a84ae826","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559086],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Arab Investment Bank sale update + Hindawi sells for USD 298 mn - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes and the Sovereign Fund of Egypt (SFE) will wrap up their acquisition of the ArabInvestment Bank (AIB) a month later than planned. Masrawy reports that their acquisition of a 76% stake in the state-owned bank will likely be finalized by the end of March, rather than in February as previously thought. What\u2019s with [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-10T03:45:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn\",\"datePublished\":\"2021-01-10T03:45:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EFG Hermes\",\"EnterpriseAM\",\"investment banking\",\"M&amp;A Watch\",\"Sovereign Fund of Egypt\",\"UK\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\",\"name\":\"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-01-10T03:45:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/","og_locale":"en_US","og_type":"article","og_title":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn","og_description":"EFG Hermes and the Sovereign Fund of Egypt (SFE) will wrap up their acquisition of the ArabInvestment Bank (AIB) a month later than planned. Masrawy reports that their acquisition of a 76% stake in the state-owned bank will likely be finalized by the end of March, rather than in February as previously thought. What\u2019s with [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-01-10T03:45:10+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn","datePublished":"2021-01-10T03:45:10+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/"},"wordCount":302,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EFG Hermes","EnterpriseAM","investment banking","M&amp;A Watch","Sovereign Fund of Egypt","UK"],"articleSection":["M&amp;A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/","name":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-01-10T03:45:10+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/10\/the-arab-investment-bank-sale-update-hindawi-sells-for-usd-298-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The Arab Investment Bank sale update + Hindawi sells for USD 298 mn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":576396,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/23\/efg-hermes-sfe-to-complete-due-diligence-on-aib-in-february-sources\/","url_meta":{"origin":559094,"position":0},"title":"EFG Hermes, SFE to complete due diligence on AIB in February -sources","author":"enterpriseam admin","date":"23 November 2020","format":false,"excerpt":"M&A WATCH- EFG Hermes and the Sovereign Fund of Egypt (SFE) will complete due diligence on the Arab Investment Bank (AIB) by February 2021 ahead of a potential acquisition of a 76% stake in the state-owned bank, Masrawy reports, citing unnamed banking sources familiar with the matter. SFE CEO Ayman\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565536,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/efg-board-greenlights-arab-investment-bank-acquisition\/","url_meta":{"origin":559094,"position":1},"title":"EFG board greenlights Arab Investment Bank acquisition","author":"enterpriseam admin","date":"14 April 2021","format":false,"excerpt":"EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab Investment Bank after EFG Hermes\u2019 board of directors approved the acquisition and a fair value assessment at a meeting yesterday, it said in an EGX disclosure (pdf). SFE CEO Ayman\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/420.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556049,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/efg-hermes-sfe-get-cabinet-signoff-on-arab-investment-bank-acquisition\/","url_meta":{"origin":559094,"position":2},"title":"EFG Hermes, SFE get cabinet signoff on Arab Investment Bank acquisition","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"M&A WATCH- EFG Hermes and the Sovereign Fund of Egypt have received cabinet approval for their acquisition of a 76% stake in the Arab Investment Bank (AIB), according to a decision published in the Official Gazette and picked up by the domestic press. The two institutions acquired the shares via\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/103.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558893,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/31\/cbe-oks-acquisition-of-76-of-aib-by-efg-and-sfe\/","url_meta":{"origin":559094,"position":3},"title":"CBE OKs acquisition of 76% of AIB by EFG and SFE","author":"enterpriseam admin","date":"31 August 2021","format":false,"excerpt":"CBE gives final thumbs up to Arab Investment Bank acquisition: EFG Hermes and the Sovereign Fund of Egypt (SFE) have gotten the final go-ahead from the central bank to purchase a 76% stake in the Arab Investment Bank, EFG said in a regulatory filing (pdf) yesterday. The two institutions will\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/313.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562343,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/efg-hermes-set-to-transform-into-universal-bank-as-sfe-proves-its-serious-about-public-private-partnership\/","url_meta":{"origin":559094,"position":4},"title":"EFG Hermes set to transform into universal bank as SFE proves it\u2019s serious about public-private partnership","author":"enterpriseam admin","date":"20 May 2021","format":false,"excerpt":"EFG + SFE\u2019s acquisition of AIB gets Cabinet nod: EFG Hermes and the Sovereign Fund of Egypt\u2019s (SFE) acquisition of a combined 76% stake in the Arab Investment Bank (AIB) earned Cabinet approval yesterday, according to a Cabinet statement, bringing us one step closer to Egypt\u2019s first bank privatization in\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574628,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/efg-hermes-egypts-sovereign-fund-to-finalize-aib-takeover-this-year\/","url_meta":{"origin":559094,"position":5},"title":"EFG Hermes, Egypt\u2019s sovereign fund to finalize AIB takeover this year","author":"enterpriseam admin","date":"16 September 2020","format":false,"excerpt":"M&A WATCH- EFG Hermes, SFE to finalize AIB acquisition this year: EFG Hermes and the Sovereign Fund of Egypt (SFE) expect to close their acquisition of a 76% stake in state-affiliated Arab Investment Bank (AIB) before the end of 2020 through a capital increase to EGP 5 bn, SFE CEO\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=559094"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/559094\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/559086"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=559094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=559094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=559094"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=559094"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=559094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}