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Soren Investment Company has acquired a 42.78% stake in Gulf African Bank, displacing previous investors. The deal was completed alongside Auron Holdings, which took a 14.94% stake. All regulatory approvals have been obtained, marking a significant step in building a pan-African Islamic banking network. Gulf African Bank continues to grow in the competitive banking sector in Kenya.
Company Information
Company
Soren Investment Company
Location
Dubai, United Arab Emirates
About
Soren is a DIFC-registered investment holding company incorporated in the UAE in February 2019. The company focuses on expanding its presence in the financial sector across Africa. It holds majority stakes in multiple entities including AGB Sudan and HAB Tanzania. Soren aims to build a pan-African Islamic banking network.
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Dubai
NairobiFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking