Arab Finance: UAE-based Amlak Finance fully exited its operations in Egypt after selling its subsidiary Amlak Finance Egypt to Al Baraka Bank Egypt for EGP 400 million (AED 30.8 million), as per a disclosure.

The transaction aligns with the DFM-listed company’s strategic objectives.

It will affect its financial position by reducing the Emirati company's retained earnings by AED 94 million, mainly due to foreign currency devaluation (EGP).

This financial impact is expected to occur during the third quarter (Q3) of 2025 and Q4 2025.

Meanwhile, Al Baraka Bank Egypt recently unveiled plans to acquire a majority stake in Al Tawfeek Leasing Company through a mandatory tender offer (MTO).

Maridive plans to set up subsidiary in UAE Updated 10/22/2025 9:29:00 AM

Al Baraka Bank Egypt, MSMEDA sign EGP 200M financing agreement Updated 10/14/2025 2:42:00 PM

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, SUTech sign MoU to empower students with EGP 20M scholarships Updated 9/24/2025 11:47:00 AM

Al Baraka Bank Egypt’s consolidated profits surge 95.6% YoY in H1 2025 Updated 8/12/2025 11:01:00 AM