SAIB’s board approves EGP 20B bond issuance program

The board of Societe Arabe Internationale De Banque (SAIB) approved the detailed conditions of its bonds issuance program at a maximum amount of EGP 20 billion to finance its activities, according to a bourse disclosure.

Under the program, the bank will issue include tradable, non-convertible bonds in multiple tranches with an annual return over a…