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United Bank’s retail tranche already 23x oversubscribed as offering enters last day
Good morning, friends, and a happy hump day to you all. Unlike the weather, local business and economy news is…
El Sisi shuffles CBE’s board headed by Abdalla. PLUS: HSBC Holdings taps Selim Kervanci as new Middle East CEO
Former Assistant Director of International Monetary Fund joined the board as an economic expert
Egypt’s net foreign assets fell by 11% to USD 9.2 bn in October
Net foreign asset deficit in commercial banks deepened to USD 1.4 bn
United Bank to raise EGP 4.6 bn from IPO under final share price
The private placement was 6x oversubscribed
United Bank set to raise EGP 4.6 bn as retail placement kicks off
Good afternoon all you wonderful people, and happy Wednesday. The new cycle has finally revved up for the week —…
United Bank retail offering to kick off today
Good morning, all. In a refreshingly slim issue of EnterpriseAM this morning, we’ve got news that a local currency sovereign…
United Bank names Omar Mehanna as non-executive chairman
Mohanna previously served as non-executive chairman of Corplease
IFC commits USD 300 mn to sustainability bond issuance, USD 155 mn in green financing to Orascom Development, USD 150 mn to the CIB for SME on-lending
IFC subscribed to the bond with USD 300 mn, while ERBD and BII each invested some USD 100 mn in…
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