The public offering represents 5% of the total shares up for sale, which accounts for 1.5% of the bank’s total equity.
The meeting underscores the government's commitment to involving the private sector in the management of key infrastructure, particularly airports, as it seeks to enhance efficiency, service quality, and economic growth.
A maximum of 313.5 million shares were offered, representing 95% of the total shares offered for sale and 28.5% of the bank's total shares.
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
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.
