EFG Hermes Holding S.A.E and the Sovereign Fund of Egypt have announced that they have received the approval of the Central Bank of Egypt to conduct due diligence on the Arab Investment Bank. The parties aim to acquire 76% of the capital of the bank mostly through a capital increase as well as potentially through the acquisition of some secondary shares from the National Investment Bank, the current majority shareholder. In case of transaction completion, EFG Hermes Holding S.A.E will have an...