According to the bank’s website, the Suez Canal Authority Pension Fund already owns a 10.10% stake in the bank.
Safina will be rebranded as Noatum Maritime Egypt and integrated into Noatum’s extensive international network, providing it with greater access to diverse industries and new customers
Al Ahly Capital, the investment arm of the National Bank of Egypt, recently completed procedures to acquire a 51% stake in Easy Lease, a subsidiary of El Sewedy Capital
The report showed that in 2023, the total volume declined by 53% to reach 139 deals and the deal value declined by 62% to reach $3.48 billion
ADQ and ADNEC will invest through a special purpose vehicle, with 49% equity ownership by ADQ and 51% by ADNEC
