- United Bank announced the start of trading in its shares on the stock exchange with the opening of the trading session at exactly 10:00 am today, Tuesday, at a share price of 13.85 pounds.
- Trading on United Bank shares will begin after the book building process, which included the Central Bank selling 313.5 million shares in a private offering to financial institutions, entities and individual investors with experience in the field of securities and financial solvency, and 16.5 million shares in a public offering to individual investors in Egypt.
- The private placement tranche was covered approximately 6 times, while the public offering tranche was covered approximately 59 times.
- The market capitalization of United Bank amounted to 15.235 billion pounds at the opening of the trading session on the bank’s shares.
- CI Capital for Securities Promotion and Coverage is acting as the offering manager, while Helmy, Hamza & Partners Law Firm and Legal Consultancy Helmy, Hamza & Partners Law Firm and Legal Consultancy Baker & McKenzie in Cairo is acting as the offering’s legal advisor.
