The Egyptian Exchange (EGX) has announced the dates for opening the Special Deals Market (OPR) to register buy and sell orders for The United Bank shares. 

The private offering will be open for buy and sell orders from November 20th to November 25th, 2024, while the public offering will proceed from November 27th to December 3rd, 2024. 

The Financial Regulatory Authority (FRA) has approved the prospectus for the public and private offerings of The United Bank shares and decided to register the bank’s capital shares, as per a statement. 

Around 330 million shares, representing 30% of the bank’s total issued capital of 1.1 billion shares, will be offered at a price range between EGP 12.7 and EGP 15.6 per share.

The final price will be determined based on the book-building mechanism after the private placement. 

The private offering involves 313.5 million shares, accounting for 95% of the offered shares and 28.5% of the bank’s total shares. 

Meanwhile, the public offering includes 16.5 million shares, representing 5% of the shares on offer, equivalent to 1.5% of the bank’s total shares.