National Investment Bank could sell stakes of 9-11 of its holdings on the EGX

IPO WATCH- The National Investment Bank could list as many as 9-11 of its holdings on the EGX, informed sources tell Al Mal. The government committee formed to restructure the bank last May is looking into the bank’s assets and how best to make use of them, Planning Minister Hala El Said told reporters on Saturday, Al Borsa reports. El Said did not disclose any further details, and we’re not exactly certain this qualifies as “news”: One of the reasons for being of NIB subsidiary NI Capital was to look at IPO options within the government’s portfolio, many of which would naturally fall under the NIB itself.