Economy · Cairo, Egypt · November 2, 2026

Egypt raises over $650 million in Banque du Caire IPO

Reported by 1 outlet · first reported Nov 2, 10:36 AM ET

Egypt sold shares of the state bank on Monday. It raised more than $650 million.

Why it matters

Egypt is raising cash by selling state assets.

Background

Egypt has a privatization program.

The story so far

1. Oct 20Ambani's Jio Platforms launches what may be India's biggest IPO
2. Oct 28Jio Platforms soars 21% on debut after record IPO
3. Oct 29Jio Platforms raises $3.2 billion in India's biggest IPO
4. Nov 2Egypt raises over $650 million in Banque du Caire IPO

Follow the whole story →

Sources

• Africanews ↗Nov 2, 10:36 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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