Most notably Saudi Arabia.. Banque Misr intends to establish subsidiaries in Africa and the Middle East

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Cairo - Mubasher: Banque Misr aims to expand in Africa and the Middle East in the coming period. A press release issued on Monday said that the expansion will be done by establishing subsidiary units of the bank in various forms to enhance its presence abroad.

In Africa, Banque Misr is currently taking the necessary measures to establish a subsidiary bank in Djibouti, the capital, and a branch in Mogadishu, Somalia. In the Middle East, the bank is taking the necessary steps and measures to establish and operate a branch of Banque Misr in the Kingdom of Saudi Arabia, Riyadh, in addition to a wide network of correspondents covering all countries of the world.

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