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Arab Finance: The Egyptian Competition Authority (ECA) has approved a request by Al Baraka Bank Egypt, Al Baraka Capital, and Tanfeez Real Estate Investment to acquire Amlak Finance Egypt, according to a statement.
Following the Control of Economic Concentrations Committee’s nod, the three entities will take over 12.550 million shares in Amlak Finance.
The committee also greenlighted a request submitted by CVC Capital Partners PLC to fully acquire Smiths Detection Limited.
Finally, Schenker-Seino Ltd. Co. Limited also received a nod to acquire 100% of DSV Solutions Company’s shares.
Al Baraka Bank Egypt closed 2025 with 33.22% year-on-year (YoY) higher consolidated net profits attributable to shareholders, recording EGP 4.003 billion from EGP 3.005 billion.
