{
Egyptian Arab Land Bank CO.

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2025-03-252025-03-251111100
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2025-03-252025-03-251111100
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Egyptian Arab Land Bank plans to sell Jordan branches amid capital raise needs

The Egyptian Arab Land Bank is set to sell its 16 branches in Jordan, having received approval from both the Central Bank of Jordan and the Central Bank of Egypt. The decision, driven by regulatory requirements, necessitates a capital increase of 20 million Jordanian dinars to meet compliance standards. Currently, the bank is evaluating its assets and has received five preliminary acquisition offers from local banks.
WAYA
Jordanian Dinar Egyptian Arab Land Bank CO. EGY JOR
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11:32 25.03.2025
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