Banque du Caire Offers 30% Stake in Egypt’s Second IPO in Month

Banque du Caire, Egypt's fifth-largest lender, is set to offer a 30% stake in the company via the Egyptian Stock Exchange. This move is part of the government's ongoing privatization efforts and is the second major initial public offering (IPO) in the country this month. The sale is expected to raise significant funds for the government.