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Government approves Banque du Caire valuation
A government committee unanimously approved the validity of the methodology used to update the fair value of Cairo Bank's shares, paving the way for the completion of procedures to offer a stake in the bank's shares on the stock exchange. This step is part of the government's plan to sell portions of state-owned companies to attract investments and achieve financial reforms. It is also considered a component of efforts to strengthen the Egyptian financial market and support the national economy.
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