Blom Bank S.A.L announces that it has entered into exclusive discussions with Arab Banking Corporation B.S.C. (Bahrain) to potentially sell its ownership representing 99.42% of the total issued share capital of Blom Bank Egypt S.A.E.
Both parties will consequently enter into negotiations in order to reach a final agreement, however, there is no certainty that any transaction will be completed.
Further announcements will be made in due course.
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