Wednesday 16 January 2019

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


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