2 Days
Source:
مصراوي
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Cairo Bank IPO sets pace
Prime Minister’s Assistant Hashem El-Sayed said that the Cairo Bank offering on the Egyptian Exchange marks the strongest launch of the government’s IPO program and reflects the state’s commitment to carrying it out, following nearly nine years of work and coordination among the relevant authorities. He added that the next step is to offer Misr Life Insurance Company, in coordination with the Sovereign Fund on the fair value of the shares and the methods for valuing them. The relevant authorities aim to complete the procedures and offer the company before mid-December, with an event planned to mark the start of trading in its shares.
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