• Sunday, 18 October 2020

    Amer subsidiary borrows EGP 450 mn from Ahli United Bank for Porto Heliopolis project

    Amer Group subsidiary Delmar For Touristic Development signed a loan contract with Ahli United Bank for EGP 450 mn on Wednesday to finance the Porto Heliopolis project, the company said in an EGX filing (pdf). The project is the first...
  • Tuesday, 22 September 2020

    Ahli United Bank bid for AUB Egypt gets regulatory approval

    M&A WATCH- Ahli United Bank gets regulatory clearance for bid to buy out minority investor: Ahli United Bank’s (AUB) full takeover of its Egypt arm moved a step closer yesterday after the Financial Regulatory Authority (FRA) approved its offer to...
  • Monday, 21 September 2020

    IFC selling its stake in AUB Egypt?

    M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10% stake in Ahli United Bank (AUB) Egypt to AUB Egypt’s parent company in Bahrain, the local press reported, citing unnamed...
  • Wednesday, 16 September 2020

    Bahrain's Ahli United Bank submits offer to buyout Egypt unit

    WATCH THIS SPACE- Bahrain’s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority (FRA) saying (pdf) yesterday that AUB and “Misr Strategia” (which reads to us like a special purpose vehicle or “SPV”...
  • Monday, 10 February 2020

    Is Ahli United Bank looking to sell its Egypt unit?

    M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell its Egypt arm after its recent acquisition by Kuwait Finance House (KFH), the local press reported, citing unnamed sources. The...
  • Thursday, 9 January 2020

    Palm Hills negotiates EGP 500 mn loan to refinance debts

    Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order to refinance existing debts from other local banks, a source familiar with the matter told Al Mal. PHD had also...
  • Tuesday, 22 October 2019

    Sarwa Capital concludes EGP 776 mn Palm Hills securitized bond

    Palm Hills and Sarwa Capital have closed a EGP 776 mn securitized bond backed by a portfolio of 582 delivered units at 11 of the real estate company’s developments, Sarwa said in a statement (pdf). This brings Palm Hills’ total...
  • Wednesday, 11 September 2019

    AUB agrees to loan United Real Estate subsidiary EGP 250 mn

    An Egypt-based subsidiary of Kuwait’s United Real Estate Company signed on Monday a five-year, EGP 250 mn loan with Ahli United Bank, the parent company said in a bourse disclosure picked up by Mubasher. The loan will be used to...

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