Three Egyptian banks are currently conducting due diligence to purchase stakes in the United Bank. This information comes from reports by Ashraq Business and local media, citing unnamed sources.
The United Bank is one of the 32 state-owned companies listed in Egypt’s IPO program.
Barclays Bank has been selected by the Central Bank of Egypt (CBE) to act as the international sell-side advisor for the sale of CBE’s 99% stake in the United Bank. Local financial advisory firm CI Capital will work alongside Barclays.
Julie Kozack, head of the IMF’s Communication Department, praised Egypt in July 2023 for its advancement in the IPO program. The country has completed 25% of the fourth phase and has sold $1.9 billion worth of equity stakes in state-owned entities.
The United Bank was established in June 2006 through the merger of three banks: The Egyptian United Bank, The Nile Bank, and Islamic International Bank for Investment and Development.
By FCCT Editorial Team freeslots dinogame telegram营销
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}