Emirates NBD Bank PJSC (DFM:EMIRATESNBD) submitted a request to conduct due diligence work on the Egyptian subsidiary of Barclays Bank ahead of a possible takeover, Al Mal financial newspaper reported. Barclays Bank has put its Egyptian operation on the block as part of a global restructuring process to dispose of non-core businesses. So far the list of interested suitors for Barclays Bank Egypt S.A.E. includes Attijariwafa Bank S.A. (CBSE:ATW) with a number of other potential regional banks lined up including Byblos Bank S.A.L. and First Gulf Bank PJSC (ADX:FGB).
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Feb. 27 | Attijariwafa bank SA Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
2023 | Attijariwafa bank SA Reports Earnings Results for the Nine Months Ended September 30, 2023 | CI |
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12.4 AED | -0.64% | +1.81% | 37.27B | ||
0.52 USD | -5.45% | 0.00% | 292M | ||
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- NBD Bank Enters Bidding Process For Barclays' Egyptian Operations