Banque du Caire to sell stake on stock exchange in Q1 2020

CAIRO, 9 December 2019: Chairman and CEO of Banque du Caire Tarek Fayed on Sunday announced that a share of 30-40% will be put for sale on the stock market in the first quarter of 2020.

He made the announcement during his participation in the Arab Banking Conference, organized by the Union of Arab Banks.

Fayed said the move is aimed at increasing the bank's capital, noting that the high profits will contribute to the success of the initial public offering.