ADIB Egypt receives an acquisition offer for its subsidiary

Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that Kayan for Sustainable Development has submitted an offer to acquire 90 percent of one of its subsidiaries.

An offer was submitted for 90 percent of Alexandria National Company for Financial Investment at  5.3 Egyptian pounds per share.

ADIB Egypt owns a direct stake of 9.04 percent the company and a total direct and indirect stake of 84.99 percent.