29 Sep 2022

ZH advises Al Ahly Capital Holding and Banque Misr in Banque du Caire’s acquisition of 10% of IBAG shares

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  • ZH advises Al Ahly Capital Holding and Banque Misr in Banque du Caire’s acquisition of 10% of IBAG shares

ZH&P is pleased to announce that it has advised Al Ahly Capital Holding and Banque Misr in Banque du Caire’s acquisition of 10% of the shares of IBAG for Money Transfer Services , Egypt's first Western Union agent in Egypt since 1995. Mr. Helal El Hossary, Partner, led the team advising Al Ahly Capital Holding Company and Banque Misr on this transaction.

With the three banks now collectively hold 40% of IBAG's shares, customers will soon be able to efficiently make hassle free bank transfers in and outside the country.

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