{"id":577310,"date":"2022-11-17T04:06:17","date_gmt":"2022-11-17T04:06:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/"},"modified":"2022-11-17T04:06:17","modified_gmt":"2022-11-17T04:06:17","slug":"fra-approves-bdc-ipo-deadline-extension","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/","title":{"rendered":"FRA approves BdC IPO deadline extension"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Banque du Caire pushes IPO deadline to March 2023:<\/strong> The Financial Regulatory Authority (FRA) has allowed Banque du Caire (BdC) to postpone the deadline for finishing procedures to IPO on the EGX to 31 March 2023, it said in <a href=\"https:\/\/ent.news\/2022\/11\/FRA-Banque-du-Caire.pdf\">a statement, (pdf)<\/a> yesterday. The state-owned bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/004a2209-c482-4067-af0e-5ba87566e2d4\">delayed its long-awaited IPO again<\/a> in July on the back of the market turmoil caused by tightening financial conditions and the war in Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banque du Caire pushes IPO deadline to March 2023: The Financial Regulatory Authority (FRA) has allowed Banque du Caire (BdC) to postpone the deadline for finishing procedures to IPO on the EGX to 31 March 2023, it said in a statement, (pdf) yesterday. The state-owned bank delayed its long-awaited IPO again in July on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[726,72,76,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-banque-du-caire","tag-enterpriseam","tag-financial-regulatory-authority","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"e107adf1-0206-4eff-b9f5-6b0fdabc39b9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/277.jpg","photo_position":"above","related_issue":[577299],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA approves BdC IPO deadline extension - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves BdC IPO deadline extension\" \/>\n<meta property=\"og:description\" content=\"Banque du Caire pushes IPO deadline to March 2023: The Financial Regulatory Authority (FRA) has allowed Banque du Caire (BdC) to postpone the deadline for finishing procedures to IPO on the EGX to 31 March 2023, it said in a statement, (pdf) yesterday. The state-owned bank delayed its long-awaited IPO again in July on the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-17T04:06:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/277.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA approves BdC IPO deadline extension\",\"datePublished\":\"2022-11-17T04:06:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\"},\"wordCount\":73,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/277.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Banque du Caire\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"IPO watch\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/\",\"name\":\"FRA approves BdC IPO deadline extension - 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The news comes after the Financial Regulatory Authority decided (pdf) to again extend deadlines for companies to complete their IPOs. Failing to pull the trigger on their IPOs by 31 December would likely\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604612,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/international-financial-institutions-looking-at-banque-du-caire-ipo\/","url_meta":{"origin":577310,"position":1},"title":"International financial institutions looking at Banque du Caire IPO","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"IPO WATCH- Four international financial institutions are looking to buy stakes in Banque du Caire as soon as its IPO is announced, CEOTarek Fayed said on the sidelines of the Africa 2018 Forum in Sharm El Sheikh. Fayed said he expects the IPO to take place in 2019, but said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590687,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/banque-du-caire-reportedly-hires-grant-thornton-for-fair-value-assessment-on-upcoming-ipo\/","url_meta":{"origin":577310,"position":2},"title":"Banque du Caire reportedly hires Grant Thornton for fair value assessment on upcoming IPO","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"PRIVATIZATION WATCH- Banque du Caire reporetdly hires Grant Thornton for fair value assessment ahead of 2020 IPO: State-owned Banque du Caire (BdC) has tapped Grant Thornton Financial Advisors to conduct the fair value assessment for the bank's upcoming EGX debut, according to the local press. The study will be ready\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593517,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/listed-egyptian-companies-yet-to-ipo-have-until-31-march-to-hit-the-exchange\/","url_meta":{"origin":577310,"position":3},"title":"Listed Egyptian companies yet to IPO have until 31 March to hit the exchange","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"IPO WATCH- BdC and three other companies have six months to complete their IPOs: The Financial Regulatory Authority (FRA) has reportedly given four companies, including state-owned Banque du Caire, a six-month grace period to complete their initial public offerings, according to a copy of the decision picked up by the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603774,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/21\/updates-on-stake-sales-for-united-bank-bdc\/","url_meta":{"origin":577310,"position":4},"title":"Updates on stake sales for United Bank, BdC","author":"enterpriseam admin","date":"21 August 2023","format":false,"excerpt":"It\u2019s unclear whether PIF is still interested in United Bank","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/934.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568848,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egypts-banque-du-caire-to-offer-45-stake-in-1h2020-ipo\/","url_meta":{"origin":577310,"position":5},"title":"Egypt\u2019s Banque du Caire to offer 45% stake in 1H2020 IPO","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"IPO WATCH- Banque du Caire to offer 45% stake in 1H2020 IPO: State-owned Banque du Caire (BdC) will offer a 45% stake on the EGX in 1H2020, Banque Misr Chairman Mohamed Eletreby said, according to Reuters. 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