FAB completes share transfer process to acquire Bank Audi Egypt

First Abu Dhabi Bank (FAB) announced on Wednesday that it had completed the share transfer process to acquire 100% of the share capital of Bank Audi Egypt, with all necessary regulatory approvals in place.

The bank will not begin integrating the assets and operations of Bank Audi Egypt and FAB Egypt, with the integration process expected to be completed in 2022, according to its bourse disclosure.