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Wednesday, 25 December 2019

Bank Audi signs cooperation protocol to be exclusive banker for Egypt’s SWF

Bank Audi Egypt has signed a cooperation protocol with the Sovereign Fund of Egypt that could see it provide all the banking services needed by the EGP 1 tn fund, Audi Managing Director Mohamed Bedeir told Al Mal. Bedeir was short on details, saying only that Audi hopes to be the fund’s exclusive banking partner. We noted last week that the bank is in talks with the fund about potential investments.

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