ADIB Egypt’s unit receives acquisition offer
Updated 12/22/2020 9:16:00 AM
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.
