Bank Audi Egypt trading operation with the national First Bank
The National First Bank, the United Arab Emirates' largest commercial lender, has completed the acquisition of Bank Audi Egypt and is now beginning to integrate its trading operations. The transaction was completed on October 25th. This is another example of the growing trend of mergers and acquisitions in the Middle East. We believe that the acquisitions represent solid business decisions due to the significant financial, strategic, and personal benefits that the combined company will provide to its customers, employees, and partners. We also believe that the addition of an experienced and strong banking relationship in the Middle East will help the First Bank continues to perform well, despite the global economy. In this article, we will discuss the reasons for making such an acquisition, as well as the results of the transaction. DO YOU KNOW ABOUT AUDI? Audi is a relatively young company in the Middle East. It was established in 1998 and based in Dubai, where it operates a numb