Fitch Ratings has upgraded Commercial International Bank (Egypt) S.A.E. (CIB) 's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-' and its Viability Rating (VR) to 'b' from 'b-'. The Outlook is Stable.
🇪🇬 Egyptian Exchange
33,821.03 +348.12 (+1.04%)EGX 30 INDEX | As of 17-Jul-2025
| 1M | 3M | YTD | 1Y | 2Y |
| +10.07% | +8.88% | +13.72% | +19.34% | +93.13% |
| Value Traded (Mln EGP) 4,461.03 | Volume 1,261,845,102 |
| Transactions 101,880 | Market Cap. (Bln EGP) 2,482.07 |
17-Jul-2025
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The United Bank has announced plans to offer 30% of its shares, approximately 330 million, in a secondary offering on the Egyptian Exchange (EGX), according to a press release.
The Egyptian Exchange (EGX) is considering launching a new index that merges sustainability and Islamic Sharia principles, along with efforts to raise capital of listed companies valued below EGP 100 million within a year, EGX Chairman Ahmed El-Sheikh told Asharq Business.
EFG Hermes, the investment arm of EFG Holding company, is looking forward to advising on four initial public offerings (IPOs) in the Saudi Exchange (Tadawul), set for launch before the end of this year, the company’s Co-CEO Mohamed Ebeid told Asharq Business.
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