Lebanon’s Bank Audi and First Abu Dhabi Bank (FAB) signed on Wednesday, January 20, a definitive agreement for selling 100% of the share capital of Bank Audi’s subsidiary in Egypt to the FAB.

This agreement follows the completion of an in-depth due diligence exercise conducted by the FAB on Bank Audi, Egypt after obtaining the preliminary approval of the Central Bank of Egypt (CBE).

For more information, please see https://dailynewsegypt.com/2021/01/20/first-abu-dhabi-bank-fully-acquires-bank-audis-egypt-operations/