Bank Cairo plans to list shares on EGX

Cairo Bank announced its intention to issue shares on the Egyptian Stock Exchange, through the sale of 30% of the bank's capital by Bank of Egypt, amounting to approximately 4.58 billion shares. The subscription and trading of the shares are expected to take place in late October or November, after obtaining regulatory approvals. C.I. Capital and EFG Hermes have been appointed to manage and promote the offering, while Baker McKenzie was engaged as the bank's legal advisor.

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