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Egyptian Exchange

United Bank IPO oversubscribed 59x with 974.3M shares demand

The public offering represents 5% of the total shares up for sale, which accounts for 1.5% of the bank’s total equity.

United Bank IPO: 5 key facts on Egypt's first IPO since 2021

The offering closed today and witnessed buy orders reaching 938 million shares by the end of Sunday’s trading session, far surpassing the 313.5 million shares allocated to this tranche

EGX ends Sunday in green, market cap. gains EGP 4.7B

The benchmark EGX30 rose 0.41 percent, or 126.86 points, closing at 31,394.33 points.

United Bank to offer 30% of shares on EGX, potential roadshow for int. investors soon

This public offering follows the CBE's announcement in September regarding plans to sell a portion of its shares in the United Bank on the EGX.

United Bank to begin promotional tour in Gulf, Europe, USA ahead of IPO

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.