VOL. XLIII
No. 25
19-June-2000
EGYPT
Central Bank Of Egypt And KIA To Privatize Arab African International Bank
The Central Bank of Egypt and the Kuwait Investment Authority (KIA) announced on 1 June their intention to privatize the Arab African International Bank (AAIB). According to Fleming CIIC, this involves offering their combined stake of 98.74% of total shares to strategic investors through a tender offer, with a target date sometime in 3Q 2000. The banks total assets stand at $957mn,...
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