On June 9, Hussain Sajwani offered to acquire 100 per cent of the listed company via Maple Invest
The transaction will be structured as a capital increase that will raise the paid-in capital of the bank to EGP5bn
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
The proceeds will help strengthen Bank Audi group’s capitalisation and financial resilience
GMG will now operate over 550 sports retail stores in 57 cities across 12 countries
Viz Branz has approximately 1,300 employees with manufacturing facilities and operations in China and Myanmar
The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank
Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028
Aramco will pay $24.8bn this week as a first installment in the deal
A sound and consolidated service provider can assist owners in selling their businesses
The bank stated that 101,731,408 of its shares were purchased by 254 unique investors on May 28