Egypt's CIB opens first branch in Kenya

The Commercial International Bank Egypt (CIB) has opened its first branch Nairobi, Kenya, the Egyptian Ministry of Foreign Affairs stated on April 9th.
1M | 3M | YTD | 1Y | 2Y |
+7.42% | +9.45% | +18.54% | +26.63% | +102.01% |
Value Traded (Mln EGP) 5,362.14 |
Volume 1,513,900,276 |
Transactions 119,391 |
Market Cap. (Bln EGP) 2,545.54 |
The Commercial International Bank Egypt (CIB) has opened its first branch Nairobi, Kenya, the Egyptian Ministry of Foreign Affairs stated on April 9th.
EFG Hermes has exited from Oman as part of its plan to simplify its operations, according to a statement on April 11th.
The Egyptian Exchange’s (EGX) indices closed Tuesday’s trading session in the red zone.
The Egyptian Cabinet announced, on February 8th, 2023, that it will offer 32 state-owned companies and banks for sale through Initial Public Offerings (IPOs) or to strategic investors; this process will take place within a year starting from Q1 2023 to Q1 2024.