Cairo, Nov 2, 2026 (AFP) - Egypt raises over $650 mn in IPO of state-owned bank

NAMPA / AFP

2026-11-02

Egypt on Monday raised more than $650 million in its initial public offering of the state-owned Banque du Caire, marking one of the biggest asset sales in years as international lenders push a privatisation drive. The offering comes as Egypt advances reforms under an International Monetary Fund programme aimed at boosting private sector participation and reducing the state's role in the economy. The government has previously said it plans to sell......

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