EFG-Hermes Holding SAE said Qatar’s QInvest LLC may hold a majority stake in a planned investment bank that would take over the Egyptian bank’s brokerage, investment banking and asset management businesses.

The investment bank would be the largest in “the Arab World, Africa, Turkey, South and Southeast Asia, with the possibility of QInvest holding majority stake,” Cairo-based EFG-Hermes said in a statement Thursday………………………………………..Full Article: Source