Egypt’s SCZone aims to borrow EGP 30bn for green hydrogen projects – sources
The General Authority of Suez Canal Economic Zone (SCZone) seeks to lend 30 billion Egyptian pounds from a…
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Arab African International Bank (AAIB)
Arab African International Bank is a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA). With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIB’s shareholder base.
Arab African International Bank first-half net profit reaches $106.1mln
The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…
Egypt’s c.bank picks Tamer Waheed to join AAIB board
Egypt’s central bank has picked Egyptian banker Tamer Waheed on Sunday to join the Arab African International…
Dollar exchange steady at Egypt’s major banks
The US dollar exchange rate was flat during Wednesday's transactions at Egypt's major banks.
Get to know Hassan Abdalla Egypt’s acting central bank governor
Hassan Abdalla, an Egyptian banker with over 30 years of experience in the financial industry and former chief…
Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt's first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent…
SODIC signs EGP1.57 bln credit facility with Banque Misr, AAIB
Egypt’s property developer SODIC signed on Thursday a long-term credit facility of 1.57 billion Egyptian pounds…
Arab African International Bank first-half profit 13.4% up, assets hit $14 billion
Egypt’s Arab African International Bank (AAIB) reported on Saturday over 13 percent year-on-year growth in profit…
Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
