AAIB plans divesting property assets worth 9mn Egyptian pounds
The Arab African International Bank seeks to divest real estate assets at value ranging between 8.5-9 million…
Browsing Tag
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.
Siemens requesting Letters of Guarantees for Egypt Power Projects
German industrial group Siemens is seeking to obtain letters of guarantee totalling €1.2 billion from Egyptian…
Siemens seeks $917mln-loan to implement 3 Power Plants in Egypt
German Siemens seeks to obtain a fund worth EGP 7 billion (US$917.3million) from a group of banks working in the…
Arab African International Bank Wins a GOLDENSHEILD for Social Responsibility
Arab African International Bank (AAIB) has been honored and recognized from The Arab Organization for Social…
Orascom Construction: Banks offer $1.95 billion for Egypt Power Station
Orascom Construction intends to raise US$1.95 billion in syndicated loans which will be used for the $3 billion…
AAIB acquires Canada Scotiabank’s Credit Portfolio in Egypt
The Arab African International Bank (AAIB), an international bank based in Egypt, has recently completed its…
Sino Tharwa starts loan Talks with Bank Audi Egypt
Sino Tharwa Drilling Company enters into negotiations with Bank Audi Egypt over a loan worth US$30 million, a…
Banque Du Caire pumps $80 million in ElSewedy Electric’s Loan
Banque Du Caire is pumping US$80 million in a loan arranged for Egypt’s ElSewedy Electric Company, a banking source…
Ezz Steel inks EGP1.7bn Financing Deal
Ezz Steel, the biggest steel producer in Egypt and MENA, said on Monday it signed an EGP 1.7 billion ($237 million)…
AAIB Registers EGP842 Million Profits in 9 Months
Arab African International Bank (AAIB)'s business results within the first 9 months of 2014 revealed that the…