Egypt’s Cabinet approves offering up to 45% stake in Banque du Caire on EGX

Egypt’s Cabinet has approved offering a 30%-45% stake in Banque du Caire (BQDC) on the Egyptian Exchange (EGX), according to a disclosure.

The approval was granted during the Cabinet’s 116th session on October 22. The Financial Regulatory Authority (FRA) was tasked with taking the necessary measures in coordination with the relevant authority at Banque Misr…