ADIB Egypt increases issued capital for its Consumer Finance arm

EGYPT – Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi Islamic Consumer Finance (ADI-CF), its new arm for consumer finance in Egypt, from EGP10 million to EGP30 million (US$0.64- 1.91m). The launch of the new company, which represents a paradigm shift in the consumer finance market, reflects ADIB…

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