AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 131.01 Increased By ▲ 1.48 (1.14%)
BOP 6.90 Increased By ▲ 0.22 (3.29%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.85 Decreased By ▼ -0.09 (-1.01%)
DFML 42.59 Increased By ▲ 0.90 (2.16%)
DGKC 84.18 Increased By ▲ 0.41 (0.49%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 78.10 Increased By ▲ 2.63 (3.48%)
FFL 12.16 Increased By ▲ 0.69 (6.02%)
HUBC 110.15 Decreased By ▼ -0.40 (-0.36%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.57 Increased By ▲ 0.18 (3.34%)
KOSM 8.43 Increased By ▲ 0.03 (0.36%)
MLCF 39.35 Decreased By ▼ -0.44 (-1.11%)
NBP 64.10 Increased By ▲ 3.81 (6.32%)
OGDC 199.47 Decreased By ▼ -0.19 (-0.1%)
PAEL 26.42 Decreased By ▼ -0.23 (-0.86%)
PIBTL 7.70 Increased By ▲ 0.04 (0.52%)
PPL 159.50 Increased By ▲ 1.58 (1%)
PRL 26.42 Decreased By ▼ -0.31 (-1.16%)
PTC 18.53 Increased By ▲ 0.07 (0.38%)
SEARL 82.89 Increased By ▲ 0.45 (0.55%)
TELE 8.13 Decreased By ▼ -0.18 (-2.17%)
TOMCL 34.44 Decreased By ▼ -0.07 (-0.2%)
TPLP 9.01 Decreased By ▼ -0.05 (-0.55%)
TREET 16.96 Decreased By ▼ -0.51 (-2.92%)
TRG 59.51 Decreased By ▼ -1.81 (-2.95%)
UNITY 27.65 Increased By ▲ 0.22 (0.8%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,694 Increased By 287.2 (2.76%)
BR30 32,068 Increased By 354.9 (1.12%)
KSE100 99,158 Increased By 1829.7 (1.88%)
KSE30 30,917 Increased By 724.5 (2.4%)

DUBAI: First Abu Dhabi Bank, the UAE's biggest lender, is in talks to buy Egyptian bank EFG Hermes, which has a market value of over $970 million, two sources with knowledge of the matter said.

Rothschild is advising FAB on the deal, the sources said , which would be its second major transaction in Egypt after it bought the Egyptian business of Lebanon's Bank Audi last year.

Geopolitical tensions hit UAE stocks, oil supports Saudi shares

FAB did not immediately respond to a Reuters request for comment.

Comments

Comments are closed.