Fair value of "AiBank" in Hermes - Egypt's sovereign fund deal reaches LE 1.1B

Wed, 14 Apr 2021 - 01:49 GMT

EFG Hermes' share in the bank will become 51 percent, and the share of Egypt's sovereign fund through the Egypt Financial Services and Digital Transformation Sub-Fund, which is wholly owned by it, is 25 percent, while the National Investment Bank maintains 24 percent after the increase capital.