23 Hrs
Source:
المصدر
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Government approves Banque du Caire fair value update
The relevant committee approved the soundness of the methodology for valuing the shares of Banque du Caire, as part of the procedures for offering a stake of the bank's shares on the Egyptian Exchange. The study was based on financial statements up to June 2026, with review of valuation methodologies and financial assumptions. This step is part of developing the national asset management system and increasing the market capitalization of the stock exchange, with an emphasis on enhancing transparency and broadening the investor base. It does not involve the immediate sale of companies but rather uses this approach as a tool to strengthen governance and attract investors in the Egyptian market.
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