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Pharos Research upgrades ADIB Egypt FV to EGP 24

Pharos Research has upgraded its fair value (FV) of Abu Dhabi Islamic Bank-Egypt (ADIB) to EGP 24, with an “overweight” recommendation, according to a recent report. The FV upgrade came on the back of several positive developments, including “a forecasted strengthening momentum in lending activity with a compound annual growth rate (CAGR) of 16% over …

Daily News Egypt

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