Thursday 08/January/2026 – 10:37 AM
I agreed Financial Supervision Authority Al Baraka Bank – Egypt has implemented due diligence procedures on Al Tawfiq Financial Leasing Company.
Financial oversight allows Al Baraka Bank to conduct due diligence on Al Tawfiq Financial Leasing
The company explained in a statement to the Egyptian Stock Exchange, today, Thursday, that the company’s board of directors was informed of this approval from the authority for the bank, and the company’s board of directors also decided to agree to enable Al Baraka Bank – Egypt and its advisors to view the data and documents necessary to conduct due diligence, in accordance with confidentiality and data protection controls.
She indicated that this came based on the receipt of a letter from Al Baraka Bank – Egypt addressed to the company requesting the availability of the data and documents necessary to complete the due diligence examination procedures, based on the approval of the Financial Supervisory Authority, to authorize the bank to implement the due diligence examination procedures in light of disclosing its intention to submit a compulsory purchase offer on the shares of Al-Tawfiq Financial Leasing Company, in accordance with the provisions of Chapter Twelve of the Executive Regulations of the Capital Market Law No. 95 of 1992, and within the limits of the controls and requirements contained. With the approval of the Authority. In preparation for studying a potential takeover offer.
Accordingly, a meeting of the company’s Board of Directors was held and the letter from Al Baraka Bank – Egypt addressed to the company was presented requesting the availability of the data and documents necessary to complete the examination procedures, in preparation for studying the potential takeover offer, and the Board took its previous decisions.
The company confirmed that this decision does not constitute an approval in any way of what was presented by Al Baraka Bank regarding its intention to submit a compulsory purchase offer for the shares of Al Tawfiq Financial Leasing Company, and does not entail any legal or financial obligation on the company, and any subsequent action remains subject to the approvals of the company’s competent authorities and the Financial Supervision Authority.
The company acknowledges that this summary includes all the essential information that must be disclosed in accordance with the provisions of the Capital Market Law, its executive regulations, and the rules and decisions issued in implementation thereof.
