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001122334455554433221100
001122334455554433221100

emirates nbd seeks stake in banque du caire amid valuation uncertainties

Emirates NBD has received approval from the Central Bank of Egypt to conduct due diligence for a potential 60% stake in Banque du Caire, as the Egyptian government awaits a fair valuation of the bank, speculated to be between USD 1 billion and USD 1.5 billion. The valuation is uncertain, with past estimates reaching USD 2 billion in 2008, and significant changes in the USD-EGP exchange rate since then. If the valuation is deemed unsuitable, the government may consider listing a stake in Banque du Caire on the Egyptian Stock Exchange instead.
WAYA
Egyptian Pound United States Dollar National Bank of Greece S.A. Emirates NBD Bank PJSC EGY
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11:31 20.03.2025
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