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Investegate |EFG-Hermes Holdings Announcements | EFG-Hermes Holdings: Result of Meeting

Cairo, April 14
th, 2021
:

EFG Hermes S.A.E. Board of Directors convened on Tuesday 13/04/2021 at 12:00 p.m. (CLT) and
:

First:
Approval of the transaction to acquire 76% of the shares of the Arab Investment Bank, in a consortium with The Sovereign Fund of Egypt (TSFE), through a capital increase of the Bank s issued and paid capital to EGP 5 Billion, so that the shareholding percentage of EFG Hermes Holding becomes 51% and the shareholding percentage of TSFE, through a wholly owned sub-fund, 25%, while the National Investment Bank will maintain 24% after implementation of the capital increase
.

The Board of Directors also approved the Fair Value Report of the capital increase shares to be issued by the Bank, in application of Article 44 of the Listing and Delisting Rules of the Egyptian Exchange. Such report has been prepared by the ind ....

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Investegate |EFG-Hermes Holdings Announcements | EFG-Hermes Holdings: BOD Summary of Resolutions for FY2020

A
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