Egypt, United Bank and IPO
United Bank to launch private placement on Egyptian Exchange
Egypt’s United Bank has announced the opening of the private placement market for registering buy and sell orders on its shares on the Egyptian Exchange (EGX) starting tomorrow, Wednesday, until 25 November. According to a statement from the bank, the public offering will commence on 27 November and run until 3 December.
See how we rate banking products to write unbiased product reviews. The bottom line: United Bank is a solid choice if you live on the East Coast and prefer traditional banking to online banking.
The bank intends to allocate 95% of the offering shares (313.5mln) to institutional investors and 5% (16.5mln shares) to retail investors ...
The banking veteran has over 25 years of experience, most recently serving as Miami-Dade market president for Amerant Bank.
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Deutsche Bank analyst James Brand upgraded United Utilities (UUGRY) to Buy from Hold with a price target of 1,200 GBp, up from 1,130 GBp.
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