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FRA accepts Aldar Properties’ offer for majority stake of SODIC

Aldar aims to purchase 90% of SODIC’s shares, around 320.6 million shares, at a price of EGP 20 per share, totaling at around EGP 6.4 billion

EFG completes aiBank acquisition to become Egyptian Universal Bank

EFG Hermes will be taking control over aiBank in partnership with the Financial Services & Fintech sub-fund, a sub-fund owned by the Sovereign Fund of Egypt (TSFE)

Egypt’s M&A transaction values increased by 394% in H1 2021| Baker McKenzie

The climb reflects global and Middle East trends, with global M&A activity recording a strong rebound during H1 2021 as total deal values soared by 120%

Bank ABC completes its acquisition of BLOM Bank Egypt

The merger is still subject to regulatory approval and expected to conclude in Q1 2022

EGX releases details of Bank ABC – BLOM Bank Egypt MTO

The MTO, submitted by Bank ABC, is for the former to purchase up to 300 million of BLOM Bank’s shares, valued at $427 million, equivalent to EGP 6.7 billion