We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

Sovereign Fund of Egypt

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)

Cabinet approves of Sovereign Fund/EFG Hermes acquisition of AIB

The acquisition of 76 percent of AIB will increase the paid-in capital of the bank to LE 5 billion