Arab Finance: Abu Dhabi Islamic Bank (ADIB Egypt) has withdrawn the mandatory tender offer (MTO) submitted on December 14^th, 2023m to acquire up to 100% stake in Cairo National for Investment and Securities, as per a filing on March 3^rd.

It is worth mentioning that the bank owns 89.99% of the company, including direct and indirect ownership.

Cairo National invests in the start-up business and provides securities exchange-related services. Its main purpose is to promote and underwrite securities, participate in the establishment of companies that issue securities, and portfolio management.

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