Egypt's Central Bank plans United Bank IPO
CAIRO, 22nd September, 2024 (WAM) - The Central Bank of Egypt has decided to offer a stake of United Bank's (UB) shares on the Egyptian Stock Exchange, and is currently working on obtaining the required approvals related to the offering, including the approvals of the Financial Regulatory Authority and the Egyptian Stock Exchange. Completion of the Offering is expected to take place before the end of the first quarter