Al Baraka Bank Egypt to acquire up to 90% of Al Tawfeek Leasing’s shares

Updated 10/6/2025 8:47:00 AM
Al Baraka Bank Egypt to acquire up to 90% of Al Tawfeek Leasing’s shares

Arab Finance: Al Baraka Bank Egypt intends to acquire a majority stake in Al Tawfeek Leasing Company through a mandatory tender offer (MTO), the Financial Regulatory Authority (FRA) announced.

The EGX-listed lender plans to raise its ownership in Al Tawfeek to 7.62% to up to 90%, with a minimum acceptance threshold of 51%.

The transaction will be executed through a share swap, which will be set by a financial advisor.

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