Egypt, United Bank and IPO

Egypt’s United Bank to sell 30% stake via IPO on local bourse
Egypt’s central bank said on Wednesday that it will sell a 30 per cent stake in state-owned United Bank through an initial public offering (IPO) on the local exchange, as the North African nation presses ahead with plans to attract foreign investment through the sale of public assets.
Egypt launches United Bank IPO in IMF-backed sale
Egypt has begun the sale of a stake worth up to $104m in United Bank, said to be the country's first initial public offering (IPO) since 2021. This move is a key component of a privatisation programme supported by the International Monetary Fund (IMF).
Egypt begins partial IPO of state-owned United Bank
Egypt's central bank began the sale of 30% of United Bank on Wednesday, marking only the second privatisation of a state-owned Egyptian lender in four years after a gap of more than a decade. United Bank said in a statement that the sale of 330 million shares could raise up to 5.
United Bank to launch private placement on Egyptian Exchange
Egypt’s United Bank has announced the opening of the private placement market for registering buy and sell orders on its shares on the Egyptian Exchange (EGX) starting tomorrow, Wednesday, until 25 November. According to a statement from the bank, the public offering will commence on 27 November and run until 3 December.
Egypt Starts First IPO Since 2021 With $110 Million Bank Sale
Egypt started selling a stake of as much as $104 million in United Bank, the country’s first initial public offering in three years as it presses ahead with a privatization program being encouraged by the International Monetary Fund.
Atlanta Police searching for bank robbery suspect accused of stabbing employee
The employee who was stabbed was alert, conscious, breathing, and was transported to the hospital in stable condition.
Parkersburg News and Sentinel7d
United Bank welcomes Holsinger as Parkersburg branch manager
PARKERSBURG — United Bank has named a new branch manager of its Parkersburg main location. As branch manager, Katlyn ...
United Overseas Bank upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded United Overseas Bank (UOVEY) to Buy from Neutral with a price target of S$41, up from S$35.10. The firm expects better ...
The Business Journals4d
Bank taps former Amerant exec as Miami-Dade market president
The banking veteran has over 25 years of experience, most recently serving as Miami-Dade market president for Amerant Bank.