Banque du Caire’s listing subject to market recovery: Fayed

The bank still intends to issue 20% up to 30% of its shares for an initial public offering, the chairman confirmed.

Banque du Caire submitted a request to split the book value of its shares from EGP 4 to EGP 2, according to an EGX disclosure.

Therefore, the bank’s capital will stand at EGP 5.25 billion distributed over 2.625 billion shares instead of 1.312 billion.

The financial entity achieved a net profit after tax worth EGP 2.52 billion during the first nine months of 2020.

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