Egypt will sell a stake in state-owned United Bank via a local initial public offering, as the North African nation presses on with plans to attract a fresh wave of foreign investment through the sale of public assets.
The IPO will take place before the end of the first quarter of 2025, the central bank said Sunday in a statement, without specifying the size of the stake. The sale would be “subject to market conditions and the timely receipt of the relevant regulatory approvals,” it said.
The announcement is the latest sign that Egypt, which is emerging from an economic ...
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