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Arabian Investments Holding Approves Swapping Stake in Al Tawfiq Leasing with Al Baraka Bank
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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