Abu Dhabi’s ADQ to acquire 96% stake in Bank Audi’s Turkish Unit
Abu Dhabi-based investment firm ADQ has entered into a definitive agreement to acquire a 96 per cent controlling…
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Bank Audi
CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
EFG Hermes completes advisory on Bank Audi Egypt’s sale to First Abu Dhabi Bank
Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale…
First Abu Dhabi Bank signs definitive deal to acquire Bank Audi’s Egyptian unit
First Abu Dhabi Bank (FAB) has signed a definitive agreement for the acquisition of 100 percent share in Bank…
First Abu Dhabi Bank to finish due diligence on Bank Audi’s Egyptian unit before year-end
First Abu Dhabi Bank (FAB) plans to complete due diligence and submit a binding offer to acquire Bank Audi’s…
Bank Audi Egypt says assets grow 10.6% in 9 months
Bank Audi Egypt, part of Lebanon's Bank Audi, reported on Wednesday a 10.6 percent growth in total assets for the…
First Abu Dhabi Bank restarts exclusive talks to buy Bank Audi Egypt
First Abu Dhabi Bank FAB.AD (FAB), the largest bank in the United Arab Emirates, has resumed exclusive talks with…
FAB declines to comment on media report of restarting Bank Audi Egypt takeover talks
First Abu Dhabi Bank (FAB) declined to comment on Monday on media reports that said the UAE lender plans to restart…
First Abu Dhabi Bank submits binding offer for BLOM Bank’s Egypt unit – sources
First Abu Dhabi Bank (FAB) has made a binding offer to buy the Egyptian unit of Lebanon’s BLOM Bank, sources…
First Abu Dhabi Bank reportedly to restart negotiations to buy Bank Audi’s Egypt unit
UAE's biggest lender, First Abu Dhabi Bank (FAB) plans to restart negotiations to buy the Egyptian unit of…
First Abu Dhabi Bank suspends talks to acquire Bank Audi’s Egyptian business amid…
Given the exceptional circumstances caused by the coronavirus crisis, First Abu Dhabi Bank (FAB) has suspended all…
First Abu Dhabi Bank puts on hold negotiations to acquire Bank Audi’s Egypt assets…
UAE's biggest lender, First Abu Dhabi Bank (FAB) put on hold discussions to acquire the Egyptian assets of…
Bank Audi Egypt says employees tested positive for coronavirus
Bank Audi Egypt, part of Lebanon's Bank Audi, said on Wednesday one of its employees had tested positive for…
Lebanon’s Bank Audi reportedly hires EFG Hermes as advisor for Egypt unit sale
Lebanon’s Bank Audi has selected Egypt’s investment bank EFG Hermes as its financial advisor and Zulficar and…
First Abu Dhabi Bank negotiating to buy Lebanon Bank Audi’s Egypt unit
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, is negotiating to potentially buy the…
Lebanon’s Bank Audi mulls sale of Egyptian unit with right offer – CFO
Lebanon’s Bank Audi is studying the sale of its Egyptian unit after receiving interest from lenders, its chief…
Egypt c.bank denies Lebanon’s Bank Audi request to sell Egyptian unit
Egypt’s central bank denied in a statement on Monday receiving a request from Lebanon’s Bank Audi to sell its…
Bank Audi Egypt net profit rises 6.5% in Q3
Bank Audi Egypt, part of Lebanon’s Bank Audi, reported a 6.5 percent year-on-year rise in quarterly net profit on…
Lebanon’s Bank Audi says 2018 Egypt net profit hits $77.2 mln
Lebanon-based lender Bank Audi said on Sunday its net profit in Egypt recorded 1.3 billion Egyptian pounds ($77.2…
Bank Audi’s NBG-Egypt takeover pending C.bank nod
Lebanon-based lender Bank Audi announced that the success of negotiations of acquiring the banking operations and…
Lebanon’s Bank Audi to open 9 branches in Egypt this year
Lebanon-based lender Bank Audi plans to inaugurate nine new branches in Egypt within 2019, according to a statement…
EBRD launches its 1st project in Lebanon, invests in Bank Audi
The European Bank for Reconstruction and Development (EBRD) completed Sunday an equity investment in Lebanon’s…
Bank Audi Egypt’s Ezdehar Fund wins two awards
Bank Audi’s Ezdehar Fund, with cumulative and floating returns in Egyptian pound, has been awarded the “Best…
Tourism Holding Co in loan talks with Bank Audi, NBE
The Holding Company for Tourism and Hotel is in talks with Bank Audi and the National Bank of Egypt to secure…
Bank Audi Egypt raises $1.2 billion since pound float decision
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, has collected…
Egypt’s Acumen seeks AUM to double by year-end
Egypt-based investment bank, Acumen Holding says it plans to double its assets under management to 2.2 billion…
Bank Audi Egypt wins two EMEA Finance awards
Bank Audi SAE, the Egyptian arm of Lebanon’s Bank Audi, has won two prizes from EMEA Finance; “The Best Project…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
Lebanon’s Bank Audi names Abbas Fayed new CEO in Egypt
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, announced Sunday…
Bank Audi raises 3 bln Egyptian pounds from high-yield deposit certificates
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has raised more than 3 billion Egyptian pounds ($165.5…
Bank Audi Egypt: 9-month net profit hits 619.3 million pounds
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has registered nine-month net profit of 619.3 million…
Bank Audi targets more than 20% growth in Egypt within 2017
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., is targeting growth rates of more than 20 percent within…
Bank Audi seeks Egypt SMEs financing sixfold higher in 4 years
Egypt’s eighth largest commercial bank, Bank Audi S.A.E. seeks to raise its finances for small and medium-sized…
7 banks, Dubai developer Majid Al Futtaim sign $281.6mn syndicated loan
A consortium of banks including seven banks inked a 2.5 billion Egyptian pounds ($281.6 million) syndicated loan…
UAE retailer Majid Al Futtaim inks $281.6mn loan for Egypt project
A banking consortium has signed Wednesday a 2.5 billion Egyptian pounds ($281.6 million) loan for Dubai-based…
EBRD, Bank Audi ink $30 million deal to boost SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) and Bank Audi – Egypt have signed a $30 million to…
Bank Audi-Egypt, IFC sign cooperation deal to boost SME funding
Bank Audi Egypt, the Egyptian arm of Lebanon-based Bank Audi, has signed Sunday a cooperation agreement with World…
Bank Audi plans $1bn investments in Egypt
Bank Audi Egypt is planning to invest 8 billion Egyptian pounds ($1 billion) in different sectors during 2016, the…
NBE, AlexBank, Bank Audi grant $21.7 million to Lead Foundation
The Egyptian NGO, Lead Foundation has recently obtained credit facilities worth 170 million Egyptian pounds…
Bank Audi to open 25 branches in Egypt in 3 years
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, is planning to…