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Thndr Claps » EGY Claps » Financial Services 💸 » Al Baraka Bank & First Investment: No acquisition deal ❌

Al Baraka Bank & First Investment: No acquisition deal ❌

by Omar El Shorafa
September 18, 2022
AlBaraka, Claps, EGX

The Clap
Al Baraka Bank (SAUD) and First Investment (FIRE) both issued statements to the EGX denying Al Baraka’s takeover of First Investment.

Background
Sources said to Shorouk News that Al Baraka Bank wants to acquire First Investment for EGP 5.3 per share.

The Deets
Al Baraka Bank said that the news of its planning to acquire First Investment is incorrect, while First Investment also said that it had not received any acquisition offers.

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