Overview

The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding S.A.E (EFG Hermes, HRHO on the Egyptian Exchange) are pleased to announce that they have executed agreements to acquire 76% of the capital of Arab Investment Bank (AIB or the Bank). The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to EGP 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law. 

Locations

Headquarter
  • Location

    Building No. B129 Phase 3 Smart Village 28 KM Cairo Alex Desert Road 6th of October Doqi Giza Governorate Egypt 12577

  • Location

    20235356499

Focus Area

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Focus Service

Focus Client

  • Small Business (<$100000) 90%
  • Medium Business ($100001 - $500000) 10%

Focus Industry

  • Business Services 50%
  • Real Estate 50%

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