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Source: بوابة الشروق
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Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, said the offering of Banque du Caire was not prompted by pressure from the International Monetary Fund, but was instead part of a program announced when the unit began operations in January 2026, which set the first week of November as the offering date. He said the bank’s fair value was updated in August by an independent financial adviser, after having been determined in April and the offering subsequently delayed. He added that the private placement and investors were ready.
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