
Egypt and global economy brief
Arabian Investments Holding Approves Swapping Stake in Al Tawfiq Leasing with Al Baraka Bank
✦Key takeaways
- Arabian Investments Holding’s extraordinary general assembly approved swapping its entire 68.41% stake in Al Tawfiq Leasing for shares in Al Baraka Bank Egypt.
- The transaction is part of Al Baraka Bank’s mandatory tender offer to acquire Al Tawfiq shares.
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