Egypt’s Banque Misr sold 2% stake in Saudi Samba: Reuters

By Amwal Al Ghad English On Nov 1, 2018

Banque Misr’s vice chairman Akef El Maghraby

Egypt’s second largest state-owned bank, Banque Misr has sold its 2 percent stake in Saudi Arabia’s Samba Financial Group for about $370 million, said its vice chairman on Wednesday.

The bank would not be selling its stake in Cairo-Amman Bank, Akef El-Maghraby told Reuters.

Source: Reuters

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