IBAG announces 2023 objectives and reports a 7% rise in growth rate
International Business Associates Group for Money Transfer Services, S.A.E. (IBAG) recorded a total of USD 1.65 billion worth of transfers in 2022 with a 7 percent growth rate compared to 2021, reflecting the success of the company’s latest transformation and modernization strategy. IBAG, the official and oldest agent of Western Union in Egypt since 1995, […]
Ahlibank successfully issues RO 75 mln more in Tier 1 capital instruments
Ahlibank has announced the successful issuance of its RO75 million Additional Tier 1 (AT1) capital instrument, which concluded on a private placement basis, recently. Approved at the Extraordinary General Meeting in July 2022, the successful issuance of 75,000,000 Perpetual AT1 bonds, comprising 50,000,000 Bonds, with a Green shoe option of up to 25,000,000 additional bonds, […]
