Page 21 - செய்தி கதைகள் வழங்கப்பட்டது News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sovereign Fund of Egypt Invests in Arab Investment Bank Posted on 05/20/2021 EFG Hermes Holding S.A.E. is set to acquire a 51% stake of state-owned Arab Investment Bank (AIB). The Sovereign Fund of Egypt (TSFE) will also acquire a 25% stake in AIB, while the current owner, state-owned National Investment Bank (NIB), will retain 24%, the Egyptian cabinet disclosed after approving the acquisition. AIB’s capital will be increased to five billion Egyptian pounds (roughly US$ 319 million). AIB was established in 1974 as a commercial and investment bank under the supervision of the Central Bank of Egypt. AIB started operation in 1978 with a capital of 627 million Egyptian pounds, which was increased to 1.8 billion Egyptian pounds, with participation of 91.4% from National Investment Bank and 8.5% from the Federal Arab Republics.

Arab investment bankAl qahirahInternational monetary fundNational investment bankCentral bankSovereign fund of egyptHermes holdingSovereign fundEgypt investsArab investmentFederal arabInvestment bankNews stories deliveredஅரபு முதலீடு வங்கிசர்வதேச பண நிதிதேசிய முதலீடு வங்கி