Hashem El-Sayed

Assistant to the Prime Minister and Head of the State-Owned Companies Unit

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Egypt approves Banque du Caire IPO after nine-year wait

Announced the FRA approval and offering structure

Egypt's financial regulator approved the prospectus for Banque du Caire's initial public offering (IPO) on Sunday, clearing the sale of a 30% stake worth up to 24.25 billion Egyptian pounds, roughly $454 million. Investor orders open Monday, October 19, and run through October 23.

Updated 1 hour ago