United Bank sets IPO plans in motion with private placement starting today
The total offering could see the bank raise up to EGP 5.1 bn
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The total offering could see the bank raise up to EGP 5.1 bn
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The company’s ownership is split between the National Bank of Egypt and the Sabbour family
The upper limit of the indicative price range gives the bank a market cap of up to EGP 17.2 bn
The bank plans to sell a 30% stake on EGX before the end of the year
The bank will temporarily list EGP 5.5 bn worth of shares
Smart Villages plans to offer a 30-35% stake in an IPO on the EGX in 1H 2025
The company is soon to sign final agreements with NUCA to launch its 800-acre New Sphinx project
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