United Bank eyes acquiring up to 30% stake in 2 technology firms soon

El-Kady did not disclose the names of the companies, yet he revealed that one of them is a fintech firm

Staff Writer, Arab Finance

February 21, 2024

PHOTO

The United Bank of Egypt is planning to acquire from 20% to 30% stake in two technology firms in the coming few months, the bank’s Chairman Ashraf El-Kady told Al Arabiya Business.

El-Kady did not disclose the names of the companies, yet he revealed that one of them is a fintech firm.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO