EFG Hermes completes AIB's acquisition terms

Mon, 11 Oct 2021 - 02:26 GMT

The extraordinary general assembly of the Arab Investment Bank approved on Sunday, Oct. 10, the subscription of the company and the subsidiary fund to increase the bank's capital.

EFG Hermes completes purchase of 51% in AIB during Q3

Sun, 23 May 2021 - 04:25 GMT

However, CEO of Hermes refused to give details about the amount of liquidity available to the group, which is the largest investment bank in the Middle East.

Egypt's Sovereign Fund, EFG Hermes sign agreements for acquiring 76% of Arab Investment Bank

Thu, 20 May 2021 - 12:53 GMT

The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to LE 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.