EGB to sell Tanmeyah’s stake

Cairo – Mubasher: The board of directors of Egyptian Gulf Bank (EGB) gave a nod to sell the bank’s stake in Tanmeyah Micro Enterprise Services.

EGB’s 15.91% stake in Tanmeyah would be sold for EGP 71.6 million.

The lender did not state any details regard the identity of the buyer.

Mubasher Contribution Time: 01-Mar-2016 13:31 (GMT)