Ahli United Bank announces update on AUB Egypt acquisition
- Date: 26-Oct-2020
- Source: Egypt Today
- Sector:Financial Services
- Country:Egypt
Ahli United Bank announces update on AUB Egypt acquisition
Commuters walk past a bank sign along a road in New Delhi, November 25, 2015. REUTERS/Anindito Mukherjee/Files
CAIRO – 26 October 2020: Ahli United Bank – Bahrain (AUB Bahrain) announced that the public tender offer to increase its stake in its unit in Egypt ended on Oct.22.
“During the tender offer period, Ahli United Bank – Egypt's shareholders with a combined shareholding of 10.2 percent tendered their shares to AUB, the bank said in a statement