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Banque du Caire

Banque du Caire latest

Egypt: Banque du Caire Delays Offering Due to Pandemic
June 8th, 2021 - 09:30 GMT

Egypt: Banque du Caire Delays Offering Due to Pandemic

Egypt’s Banque du Caire has delayed a share offering until financial markets stabilize and improve in the wake of the pandemic, said Chairman Tarek Fayed. The state-owned bank had earlier announced a plan to sell a minority stake in an initial public offering (IPO) starting mid-April 2020 in a sale worth about $500 million, Reuters reported in March 2020. Separately, the bank has more than tripled its portfolio of micro ...
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