Emirates NBD Bank PJSC (DFM:EMIRATESNBD) submitted a request to conduct due diligence work on the Egyptian subsidiary of Barclays Bank ahead of a possible takeover, Al Mal financial newspaper reported. Barclays Bank has put its Egyptian operation on the block as part of a global restructuring process to dispose of non-core businesses. So far the list of interested suitors for Barclays Bank Egypt S.A.E. includes Attijariwafa Bank S.A. (CBSE:ATW) with a number of other potential regional banks lined up including Byblos Bank S.A.L. and First Gulf Bank PJSC (ADX:FGB).
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515 MAD | +0.59% | +1.36% | +11.96% |
Feb. 27 | Attijariwafa bank SA Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
2023 | Attijariwafa bank SA Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
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15.55 AED | -0.96% | -0.96% | 26.74B | ||
11.6 AED | -1.53% | -2.03% | 34.87B | ||
0.67 USD | +1.52% | +11.67% | 377M | ||
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+24.16% | 169B | |
+9.58% | 164B | |
+11.18% | 154B | |
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- NBD Bank Enters Bidding Process For Barclays' Egyptian Operations