investment bank – Middle East Confidential

22 Dec, 2024

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First Abu Dhabi Bank scraps acquisition plans of Egypt’s EFG Hermes

April 14, 2022 Peter Mulvany

First Abu Dhabi Bank (FAB) , the UAE’s biggest lender, has withdrawn its offer to buy a controlling stake in Egyptian investment bank EFG Hermes, the bank said in a statement on Thursday, reports say. “After careful consideration and in Read more

Egypt’s EFG Hermes appoints Goldman Sachs as financial advisor on FAB’s offer to acquire majority stakes

February 21, 2022 Peter Mulvany

Cairo-based investment bank EFG Hermes has appointed Goldman Sachs to advise on First Abu Dhabi Bank’s (FAB) offer to acquire a majority stake, the bank has said in a statement. The board of Egypt’s largest investment bank also said it Read more