Abu Dhabi Islamic Bank - Egypt - S.A.E (ADIB Egypt) has approved submitting a mandatory tender offer (MTO) to acquire up to 100% stake in Cairo National for Investment and Securities (El Kahera El Watania Investment) at an initial price of EGP 10.5 per share, according to a filing on December 18th, 2023. 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.