Egypt to Sell Stake in United Bank Through Local IPO in 2025

TLDR

• Egypt plans to sell a stake in state-owned United Bank through a local IPO by Q1 2025 to attract foreign investment.
• The size of the stake is unspecified, with potential sale of between 30% to 40% of United Bank’s total assets of $2.18 billion.
• The IPO is part of Egypt’s state-divestment program following a $57 billion global bailout to address economic crisis, subject to market conditions and regulatory approvals.

Egypt plans to sell a stake in state-owned United Bank via a local initial…