Fair value of "AiBank" in Hermes - Egypt's sovereign fund deal reaches LE 1.1B

Wed, 14 Apr 2021 - 01:49 GMT

EFG Hermes' share in the bank will become 51 percent, and the share of Egypt's sovereign fund through the Egypt Financial Services and Digital Transformation Sub-Fund, which is wholly owned by it, is 25 percent, while the National Investment Bank maintains 24 percent after the increase capital.

Acquisition deal of AiBank by EFG Hermes, Egypt's Sovereign Fund still not valued

Mon, 29 Mar 2021 - 04:01 GMT

This came in a statement issued by the company, Monday, in response to the stock market’s inquiries regarding the deal to acquire the financial group Hermes and Egypt's sovereign fund of a 76 percent stake in the Arab Investment Bank.