Al Ahly plans to buy Bank of Egypt branches in UAE

The National Bank of Egypt intends to acquire the branches of Bank Misr in the UAE, following preliminary approval from the Central Bank of the UAE. This move is part of a plan to reorganize and integrate the external banking presence of both banks, aiming to ensure a smooth transition of operations and to safeguard the interests of clients in the UAE. The plan emphasizes cooperation between the two banks to build a comprehensive international banking presence, while adhering to all applicable legal and regulatory procedures.

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