Today, Thursday, the Egyptian Stock Exchange announced the implementation of an ownership transfer deal on Banque du Caire shares through the BLOCK TRADING mechanism on the bank’s shares, with a number of about 1.125 billion shares, with a value of about 6.97 billion pounds.
The head of Banque Misr, Mohamed El-Atreby, said in exclusive statements to Al-Arabiya, that the deal to return the ownership of Banque du Caire to Banque Misr in a deal worth 7 billion pounds is just a restructuring of Banque du Caire’s ownership to be under Banque Misr.
It is reported that the State Bank of Cairo Preparing to go public on the Egyptian Stock Exchange Several years ago, his shares owned by the State Bank of Egypt were transferred to the Misr Financial Investments Company in 2010, at a price of 17.44 pounds, after Banque Misr acquired all the shares of Banque du Caire in 2007.
The issued and paid-up capital of Banque du Caire is EGP 5.25 billion, distributed over 2.625 billion shares, with a nominal value of EGP 2 per share, according to the annual report for the year 2020.