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ADIB Egypt’s unit receives acquisition offer

ADIB Egypt’s unit receives acquisition offer

ArabFinance: Alexandria National Company for Financial Investment, a subsidiary of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), received an acquisition offer at a value of EGP 5.3 per share, according to a December 21st disclosure.

Kayan for Sustainable Development eyes to purchase 90% of Alexandria National’s shares, aiming to keep it listed on the Egyptian Exchange.

ADIB Egypt’s unit posted a net profit of EGP 5.93 million during the first nine months of 2020.

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04 Oct 2021
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