Cairo – Mubasher: NI Capital Holding, a wholly-owned subsidiary of the National Investment Bank (NIB), signed an agreement with Lebanon’s Bank Audi for the acquisition of the online brokerage firm Arabeya Online after concluding the due diligence process.
Completing the deal is contingent on prior conditions, including obtaining the required regulatory approvals, the NIB’s Chairman and Minister of Planning and Economic Development, Hala El-Saeed, said in a statement on Wednesday.
The agreement is a key step towards enhancing the role of Arabeya Online as NI Capital will support the company’s expansions through providing securities brokerage services for individuals and institutions.
