Banque du Caire to Offer 30% Stake to Public in Long-Awaited Listing

Egyptian Streets ·
Egypt

Banque du Caire announced its plans on 11 October to sell 30 percent of its capital to the public, a long-anticipated move on the Egyptian Exchange that has been repeatedly postponed for years, according to an official statement from the bank. Banque Misr, the state-owned lender that holds the shares, will sell about 4.7 billion of them. The offering will be split into two tranches for qualified…

Read original article on Egyptian Streets →

Related news