QNB ALAHLI
EBRD clarified that the loan, which includes $ 7.5 million of concessional finance from the Green Climate Fund, will be used for on-lending to households and local small and medium-sized enterprises (SMEs).
EBRD clarified that this comes within a program in response to the economic impact of the coronavirus pandemic in Egypt.
The rise will be by about LE 979.4 million, through distributing 97.7 million free shares, a share for every 10 shares funded by the general reserves of 2018.
QNB sold 13.5 million shares of QNB Alahli worth LE 815.12 million ($46 million), with a value of LE 60 per share.
Qatar National Bank Alahli (QNB) hired CI Capital to advise it on the sale of a small stake in its Egyptian unit (QNB Alahli).
QNB AlAHLI will provide business advice, training and support for women entrepreneurs and women-led businesses.
