VOL. XLIV
No 39
24-September-2001
EGYPT
EgyptsArab African International Bank Rules Out Potential Sale
Cairo-basedArab African International Bank (AAIB) has backed down on plans to sell off astake in the bank, according to the Kuwaiti daily al-Watan on 15September. Quoting industry sources, the paper said that the bank, in which theKuwait Investment Authority (KIA) holds around a 50% stake, had decided that itwas inappropriate to sell and was therefore continuing with normaloperations. The paper...
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