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المصري اليوم
Source: المصري اليوم
9 Hrsالمصري اليوم
Source: المصري اليوم
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Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, said that the planned listing of Banque du Caire on the stock exchange was not a response to pressure from the International Monetary Fund. The government intends to proceed according to the announced timetable, with preparations complete and investors expressing interest. The bank’s valuation went through three stages of regulatory review: an independent financial adviser prepared a fair-value study; the Financial Regulatory Authority approved it; and a committee comprising government and regulatory bodies reviewed the valuation methodology. He added that the study was updated after six months to reflect financial and market changes, and stressed that there was no reason to postpone the listing.
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