“First Abu Dhabi” expects to complete the acquisition of “Odeh Misr” before the end of the yearVisits : 153

“First Abu Dhabi” expects to complete the acquisition of “Odeh Misr” before the end of the year

Mohamed Abbas Fayed, Managing Director of First Abu Dhabi Bank, expects to complete the acquisition of Bank Audi before the end of this year, as First Abu Dhabi is currently awaiting approval from the Central Bank of Egypt and the Central Bank of Lebanon to complete the acquisition deal and then start the process of merging the two units. Fayed added in a press statement to "Economy Plus" on the sidelines of the signing of the financing contract for the clients of Imkan Egypt Real Estate Investment Company, that in the event that the acquisition of Bank Audi unit in Egypt is completed, the market share of First Abu Dhabi Bank will increase to 4%, to occupy the third place in terms of market share Among the private sector banks.

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