Arab Finance: The Egyptian Financial Regulatory Authority (FRA) has granted ADI MicroFinance (Arzaq), a subsidiary of Abu Dhabi Islamic Bank (ADIB), license to launch its first 13 branches in Egypt, an emailed press release showed.
The first 13 branches will be opened across 10 governorates in Upper and Lower Egypt.
This came as part of the firm’s expansion plan, as it targets reaching up to 60 branches across Upper Egypt and Delta region by the end of 2024.