The Clap
The Saudi French bank, also known as “Saudi Fransi,” is reportedly interested in becoming a strategic investor in Banque du Caire.
FYI
Individual investors or firms who invest with the goal of acquiring strategic advantages rather than simply financial returns are called Strategic Investors.
What
Sources say they’re considering either a minority stake or a total acquisition, valued at a cool $3 billion.
So what
Banque du Caire is one of the frontrunners to list on the EGX soon, especially after the FRA recently extended the deadline for the bank to finish its IPO procedures.
Now what
Stay tuned for updates on this potential power play in the banking world.
