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ADIB-Egypt buys 36% stake in ADILease

ADIB-Egypt buys 36% stake in ADILease
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Abu Dhabi Islamic Bank
ADIB
4.09% 34.60 1.36

Cairo-Mubasher: Abu Dhabi Islamic Bank (ADIB)-Egypt said Thursday closed the purchase of 35.7% or 3.42 million shares of ADILease Company.

The bank said in a bourse statement that the price amounted to EGP 5.97 per share.

ADILease, an Egypt-based financial leasing services provider, is owned by El Kahera El Watania Investment and Alexandria National Company for Financial Investment.