Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received preliminary non-binding offers from potential investors to acquire the bank's 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center in Egypt.

The bank and its transaction advisor, CI Capital, have requested the potential bidders to provide more information on their offers, according to the bank's disclosure to the Abu Dhabi Securities Exchange (ADX) on Thursday.

After receiving such information, the bank will announce the potential bidders' final list and the timeline for the submission of the final bidding offers.

It is noteworthy to mention that in March 2021, ADCB appointed Cl Capital lnvestment Banking as its financial advisor to organise the sale of its stake in the medical centre.