Earlier this week, the Central Bank of Egypt (CBE) – which owns 99% of United Bank – announced that it would be offering a stake in the bank’s shares prior to its IPO during Q1 2025.
Seven companies transitioned from the SME market to the main market under the Egyptian Exchange's growth strategy.
This follows Electra's reported purchases of Elsewedy Electric shares since early June, after receiving regulatory approval to proceed with their offer.
The newly-launched EGX33 index, consisting of 33 selected companies from various sectors listed on the EGX, adheres to a methodology approved by the Shariah Supervisory Committee
Act Financial intends to use 100% of the IPO proceeds to increase the company’s capital without any exit from existing shareholders
