Saturday 23 November 2024
 
»
 
»
Story

Sawiris plans Luxembourg-based specialist bank

CAIRO, March 8, 2016

Egyptian billionaire businessman Naguib Sawiris plans to invest 50 million euros ($55 million) to set up a bank in Luxembourg specialising in services for small and medium-sized businesses.

Sawiris told reporters on the sidelines of a conference in Cairo that he had submitted an application to establish the proposed bank but provided no further details other than his proposed initial investment. – Reuters


 




Tags: Sawiris |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads