Egypt's Banque Misr sold two percent stake in Saudia Arabia's Samba: Reuters

Reuters , Wednesday 31 Oct 2018

Banque Misr
File photo of Egypt's Banque Misr.

Banque Misr has sold its 2 percent stake in Saudi Arabia's Samba Financial Group <1090.SE> for about $370 million, the vice chairman of Egypt's second largest bank said on Wednesday.

Egypt's second largest bank would not be selling its stake in Cairo-Amman Bank, Akef El-Maghraby told Reuters.

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