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«صلة» .. علامة تجارية لوسائل النقل

«صلة» .. علامة تجارية لوسائل النقل
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Investegate |Edita Food Ind SAE Announcements | Edita Food Ind SAE: Announcement on Dividend Distribution

Investegate |Edita Food Ind SAE Announcements | Edita Food Ind SAE: Announcement on Dividend Distribution
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கெய்ரோ

FAB acquires Egypt custody license

The license will facilitate membership of the country’s central securities depositary FAB Logo Image Credit: Supplied Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s largest bank, has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market regulator. The license will facilitate membership of the country’s central securities depositary, Misr for Central Clearing, Depository and Registry (MCDR), providing the integral function of settlement and clearing of trades executed on The Egyptian Exchange (EGX). This follows FAB’s recent definitive agreement to buy 100% of Bank Audi Egypt, including its local custody franchise, which will supplement FAB’s custody services expansion in Egypt. Post-acquisition, FAB will be one of the largest foreign banks in Egypt by total assets with pro-forma total assets of more than EGP 120 billion (USD 8.1bn).

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FAB acquires Egypt FRA Custody licence

The licence will facilitate membership of the country's central securities depositary, Misr for Central Clearing, Depository and Registry, providing the integral function of settlement and clearing of trades executed on The Egyptian Exchange

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First Abu Dhabi Bank Acquires Egypt FRA Custody License

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

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