Arab Finance: The Egyptian Stock Exchange announced that a request to register the shares of the United Bank in the securities listing table on the main market has been received, noting that the documents are being completed to be presented to the listing committee.
It stated that the total value of the issued capital to be registered is 5.5 billion pounds, and the number of shares is 1.1 billion shares with a nominal value of 5 pounds.
The announcement will also be published for five working days from its date, in implementation of the text of Article (20) of the Rules for Registration and Delisting of Securities issued by Resolution of the Board of Directors of the Financial Regulatory Authority No. (11) on January 22, 2014, and its executive procedures and amendments.
Last month, the Central Bank of Egypt revealed its decision By offering a share of the United Bank’s shares on the Egyptian Stock ExchangeHe stated that he is currently working on obtaining the required approvals related to the offering, including the approvals of the Financial Regulatory Authority and the Egyptian Stock Exchange.
The Central Bank said that the United Bank’s offering is expected to be completed before the end of the first quarter of 2025, taking into account market conditions and obtaining the relevant regulatory approvals in a timely manner.
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