EFG Hermes Holding acquires controlling stake in Arab Investment Bank

EGYPT – EFG Hermes Holding, an Egypt-based investment bank, has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector. The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the…

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