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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Finance more

Global in stake sale talks with Egypt’s AAIB

Posted on 07 January 2010

From Maktoob.com: Global Investment House said that it was in initial talks with Cairo-based Arab African International Bank (AAIB), to sell a stake in an investment in Egypt, but not as part of its debt settlement plan.

Global, one of the country’s biggest investment firms, reached a deal with creditors in December to reschedule $1.7 billion in debt, and entered into new three-year facilities with each of its 53 lending banks…………………………………….Full Article: Source

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