Arab FinanceThe Egyptian Stock Exchange announced the implementation of the public and private offering of shares United Bank (UBEE)330 million shares, representing 30% of the issued capital.
She added that the offering was implemented at a price of 13.85 pounds in two tranches (public and private) worth 4.57 billion pounds, and the first tranche (private offering) was implemented on 313.5 million shares, representing 95% of the total shares offered for sale and 28.50% of the total issued capital shares. With a value of 4.341 billion pounds.
As for the second tranche (public offering), it includes 16.5 million shares, representing 5% of the total shares offered for sale and 1.50% of the total issued capital shares, with a value of 228.5 million pounds.
The United Bank was established as an Egyptian joint stock company in June 2006, after merging the International Islamic Bank for Investment and Development – the United Bank of Egypt – the Nile Bank.
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