Tag Archives: Bank Audi

Bank Audi sal and FAB Sign Definitive Agreement for the Sale and Purchase of 100% of Bank Audi sae (Egypt)’s Share Capital

Bank Audi sal and FAB Sign Definitive Agreement for the Sale and Purchase of 100% of Bank Audi sae (Egypt)’s Share Capital

Transaction expected to be completed within the next few months, subject to regulatory approvals. FAB’s first international acquisition in line with targeted growth strategy in high potential markets in MENA. This is a strategic opportunity for Bank Audi sal (Lebanon) to reap the fruit of its successful investment in Egypt, with the sale proceeds contributing

Bank Audi raises USD 210 Million in Common Equity

The Extraordinary General Assembly of Shareholders of Bank Audi sal convened earlier today and approved USD denominated cash contributions, from the Bank’s shareholders, in an amount of USD 210 million. The General Assembly also resolved to convert said cash contributions into ordinary shares of the Bank. The aforementioned actions remain subject to the approval of

Bank Audi Reinforces Its Financial Positioning Increase in core equity Negotiations to sell Bank Audi Egypt

Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of the Bank’s capital have already indicated their willingness to contribute, a valuable token of their

Bank Audi Reinforces Its Financial Positioning

Increase in core equity  Negotiations to sell Bank Audi Egypt Beirut, January 23, 2020 Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of

Bank Audi Announcement

Bank Audi announced that Mr. Aristidis Vourakis, a Greek national, has submitted his resignation as Member of the Board and Deputy Group CEO, a position he has held since April 2017. Mr. Vourakis has decided to resign for personal reasons. Mr. Samir Hanna, Chairman and Group CEO, acknowledged the resignation of Mr. Vourakis and thanked him

Bank Audi and the UNDP Offer an Additional Fleet of Moto Ambulance Bikes to the Lebanese Civil Defense

Beirut, August 7, 2019 Bank Audi announced the delivery of an additional fleet of motorbikes in the context of the Moto Ambulance project pertaining to the Directorate General of the Lebanese Civil Defense, launched in collaboration with the UNDP’s Live Lebanon initiative, CHAMPS Fund, the Ministry of Interior and Municipalities, LBCI, and the National Road

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