Egypt clears $454m Banque du Caire share sale as IPO process advances

BusinessDay | 19-10-2026 12:48pm |

Egypt has approved the sale of a 30 percent stake in state-owned Banque du Caire. The $454 million share sale paves the way for the bank's initial public offering process to advance. The approval moves the state-owned lender further along its privatisation and listing plans.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.