VOL. XLII
No 41
11-October-1999
EGYPT
ABC Acquires Egyptian African Bank
Arab Banking Corporation (ABC) announced on 5 October thatit had successfully acquired a controlling interest in the Egypt Arab AfricanBank (EAAB) following the approval of the Central Bank of Egypt and the BahrainMonetary Authority. (The deal is still subject to the approval of the CapitalMarket Authority of Egypt.) According to a statement from ABC, the acquisitionis in line with the banks long-term strategy "of expansion...
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!