Nazif: Faisal Bank to expand activities in Egypt

Prime Minister Ahmed Nazif said yesterday the Faisal Islamic Bank is to expand its activities in Egypt over the next stage, the cabinet spokesman said.

A meeting between Nazif and bank chairman Prince Mohammed Al Faisal Al Saud and governor of the bank in Egypt Abdel Hamid Abu Moussa discussed the establishment of an Islamic investment fund in the Egyptian Stock Exchange, the spokesman added.