Bank ABC: Sadiq el-Kebir comes to the Tunisian subsidiary’s rescue
Bank ABC (Arab Banking Corporation), a Bahraini financial institution chaired by Sadiq el-Kebir, last week granted a five-year, €50m loan to its Tunisian subsidiary to help it survive the economic crisis caused by the Coronavirus pandemic.
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▪ Bank ABC: Sadiq el-Kebir comes to the Tunisian subsidiary’s rescue
▪ Bank ABC (Arab Banking Corporation), a Bahraini financial institution chaired by Sadiq el-Kebir, last week granted a five-year, €50m loan to its Tunisian subsidiary to help it survive the economic crisis caused by the Coronavirus pandemic.
▪ https://www.africabusinessplus.com/en/804358/bank-abc-sadiq-el-kebir-au-secours-de-la-filiale-de-tunisie/
“This loan is a good indication of a return of confidence, because it shows that the parent company stands in solidarity with its Tunisian subsidiary,” Maher Zaanouni, founder of Cap Invest Partners, told Jeune Afrique Business+.
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