First Abu Dhabi Bank P.J.S.C. (ADX:FAB) planned to restart talks to buy the Egyptian business of Bank Audi sal (BDB:AUDI), two sources familiar with the matter said. FAB will have an internal meeting this week to decide on a way to resume negotiations and put in a final bid, said one of the sources, declining to be named as the matter is not public. A second source said FAB planned to restart negotiations within two weeks.

FAB declined to comment. Bank Audi did not immediately respond to a request for comment. FAB put talks on hold in May due to difficult market conditions triggered by the COVID-19 pandemic.

A source familiar with the matter said then that the deal was worth around $700 million.