First Abu Dhabi Bank acquires 100% stake in Bank Audi’s Egypt operations

EGYPT – First Abu Dhabi Bank and Bank Audi Lebanon have announced the signing of a final agreement to acquire 100 percent of Bank Audi Egypt’s capital. The two banks said in a joint statement that the acquisition agreement came after the completion of an in-depth data-checking process and due diligence examination by First Abu Dhabi Bank. The acquisition process is expected to be completed within the next few months, after fulfilling several conditions, including obtaining final approvals from the bank, the Egyptian central bank and the necessary regulatory and…

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