Banque Misr sells stake in Saudi Arabia’s Samba for USD370mn
Banque Misr, Egypt’s second largest state-owned bank, sold its 2% share in Saudi Arabia’s Samba Financial Group in October for USD370mn, according to Banque Misr’s Vice Chairman, Akef El Maghraby. He added that the bank is not planning to sell its stake in Jordan’s Cairo Amman Bank.
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