Egypt: United Bank Raises $94m Through Share Sale On Egyptian Exchange

TLDR

• The Egyptian Exchange (EGX) completed the public and private offerings of The United Bank (UBEE).
• It raising a total of EGP 4.57 billion ($94 million) through the sale of 330 million shares.
• Shares were priced at EGP 13.85 each, with the private offering accounting for 95% of the total shares sold.

The Egyptian Exchange (EGX) announced the successful completion of the public and private offerings of The United Bank (UBEE), raising a total of EGP 4.57 billion ($94 million) through the sale…