Egypt, United Bank and IPO

Egypt’s United Bank to sell 30% stake via IPO on local bourse
Egypt’s central bank said on Wednesday that it will sell a 30 per cent stake in state-owned United Bank through an initial public offering (IPO) on the local exchange, as the North African nation presses ahead with plans to attract foreign investment through the sale of public assets.
Egypt launches United Bank IPO in IMF-backed sale
Egypt has begun the sale of a stake worth up to $104m in United Bank, said to be the country's first initial public offering (IPO) since 2021. This move is a key component of a privatisation programme supported by the International Monetary Fund (IMF).
Egypt begins partial IPO of state-owned United Bank
Egypt's central bank began the sale of 30% of United Bank on Wednesday, marking only the second privatisation of a state-owned Egyptian lender in four years after a gap of more than a decade. United Bank said in a statement that the sale of 330 million shares could raise up to 5.
United Bank to launch private placement on Egyptian Exchange
Egypt’s United Bank has announced the opening of the private placement market for registering buy and sell orders on its shares on the Egyptian Exchange (EGX) starting tomorrow, Wednesday, until 25 November. According to a statement from the bank, the public offering will commence on 27 November and run until 3 December.
Egypt Starts First IPO Since 2021 With $110 Million Bank Sale
Egypt started selling a stake of as much as $104 million in United Bank, the country’s first initial public offering in three years as it presses ahead with a privatization program being encouraged by the International Monetary Fund.
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