CAIRO – 20 March 2025: The Egyptian government has commissioned an advisor to conduct a fresh valuation of Banque du Caire, Prime Minister Moustafa Madbouly announced during his weekly press conference.
He noted that the bank’s previous assessment is now outdated, necessitating a new evaluation that reflects its current financial standing.
This reassessment will help determine the percentage of the bank to be sold—whether to a strategic investor or through a stock market listing.
Madbouly emphasized that the process is being carried out with full transparency and will guide both the government and the Central Bank of Egypt in making informed decisions.
He also reiterated that the privatization program includes the offering of both The United Bank and Banque du Caire.
Additionally, he dismissed recent reports claiming that Banque du Caire had been valued at $1 billion or more, stating that such figures are entirely inaccurate.
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