{"id":685407,"date":"2026-03-05T00:00:00","date_gmt":"2026-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=685407"},"modified":"2026-03-05T12:46:48","modified_gmt":"2026-03-05T12:46:48","slug":"valuation-talks-begin-for-banque-du-caire-listing-on-the-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/05\/valuation-talks-begin-for-banque-du-caire-listing-on-the-egx\/","title":{"rendered":"Valuation talks begin for Banque du Caire listing on the EGX"},"content":{"rendered":"

Good afternoon, friends, and kudos to you for making it to the weekend.<\/strong> It\u2019s been quite the overwhelming week, but we\u2019ve finally made it to shore. In today\u2019s issue, we\u2019re exploring how AI is reshaping media production in Egypt, crowning one of our favorite series of the season, and more. <\/p>\n

So, when do we eat?<\/strong> Maghrib prayers are at 5:56pm in the capital, and you\u2019ll have until 4:49am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccdThe first round of meetings to assess Banque du Caire\u2019s fair value on the EGX has kicked off<\/strong>, a senior government official tells EnterpriseAM, paving the way for the government to move ahead with the state IPO program despite current geopolitical tensions. The government is looking to offer a stake of 30-40% on the EGX, with the final valuation still under wraps. Trading could begin as early as the April-June window, depending on the committee\u2019s final decision.<\/p>\n

Who is interested?<\/strong> Expressions of interest for minority stakes have already been flowing in from financial institutions, including the International Finance Corporation and the European Bank for Reconstruction and Development, our source tells us.<\/p>\n

^^ Read the full story and more details in Sunday\u2019s edition of EnterpriseAM.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 The US-Iran conflict continues to drive oil prices higher, extending a rally this morning.<\/strong> Brent crude is up 2.1% at USD 83.1 per barrel, while WTI is 2.6% higher at USD 76.6 per barrel. In market news, Asian shares surged as South Korea\u2019s Kospi bounced back, jumping as much as 12% this morning, after witnessing its worst single-day decline yesterday. The aviation market remains under pressure, with airline shares trading mixed. Limited operations have resumed out of the region since the conflict began.<\/p>\n

^^Read more on: CNBC<\/a> and Reuters here<\/a> and here<\/a>.<\/p>\n

Meanwhile, Anthropic\u2019s CEO Dario Amodei is back in talks with the US DoD<\/strong> over the use of the AI firm\u2019s tools by the military. Amodei is making a last-ditch attempt to reach an agreement regulating the Pentagon\u2019s access to Anthropic\u2019s Claude models.<\/p>\n

^^Read more on: CNBC<\/a> and the Financial Times<\/a>.<\/p>\n

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