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Egypt’s sovereign wealth fund to acquire 25% stake in Arab Investment Bank Getty Images Sovereign Fund of Egypt, Cairo, agreed to acquire a 25% stake in Arab Investment Bank. The $12.7 billion sovereign wealth fund executed an agreement alongside EFG Hermes Holding, which will become the largest AIB shareholder with a stake of 51%, a Hermes news release said Thursday. Sovereign Fund of Egypt will subscribe to 207 million newly issued shares of the bank at a share price of 6.03 Egyptian pounds (38 cents), for a total value of 1.25 billion Egyptian pounds, the news release said. Current majority shareholder National Investment Bank will have a 24% stake following purchases from other minority shareholders, according to the news release.

Arab investment bankAl qahirahNational investment bankCentral bankHermes holdingSovereign fund of egyptSovereign fundArab investmentEgyptian cabinetஅரபு முதலீடு வங்கிதேசிய முதலீடு வங்கிமைய வங்கிஹெர்ம்ஸ் வைத்திருத்தல்இறையாண்மை நிதி ஆஃப் எகிப்துஇறையாண்மை நிதிஅரபு முதலீடு