VOL. XLII
No 41
11-October-1999
EGYPT
IFC Takes A 10% Stake In Egypt痴 HCSI Bank
The International Finance Corporation (IFC) announced on 30September that it had signed an agreement to invest in HC Securities andInvestment (HCSI), a full-service investment bank in Egypt. According to astatement from the organization, the investment will give the IFC a 10% equitystake in the bank, which was established in 1996. Other stakeholders in thebank include Morgan Stanley Middle East Inc., an affiliate of...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!