The Egyptian government is reassessing Banque du Caire’s value through a commissioned advisor. This step, announced by Prime Minister Moustafa Madbouly, is essential to determine future sale options—whether to a strategic investor or stock market listing—while ensuring administrative transparency in the privatization process.
On March 20, 2025, the Egyptian government announced that it has engaged an advisor to conduct a new valuation of Banque du Caire, as confirmed by Prime Minister Moustafa Madbouly during a weekly press briefing. He indicated that the previous valuation has become outdated and requires reassessment to accurately reflect the bank’s current financial position.
This updated valuation will assist in determining whether to sell a portion of the bank to a strategic investor or through a public listing on the stock market. Madbouly stressed that this process will be executed with complete transparency to aid both the government and the Central Bank of Egypt in making informed choices regarding the bank’s future.
Furthermore, Prime Minister Madbouly reiterated that the ongoing privatization program encompasses the offerings of both Banque du Caire and The United Bank. He clarified that recent claims suggesting Banque du Caire’s valuation exceeded $1 billion are unfounded and erroneous.
In conclusion, the Egyptian government is undertaking a necessary reassessment of Banque du Caire’s value to guide future sales decisions. Prime Minister Moustafa Madbouly has emphasized the importance of transparency in this process and stressed that inaccuracies in previous valuations must be clarified. With the privatization program underway, both Banque du Caire and The United Bank are set for potential offerings, ensuring informed governmental decisions.
Original Source: www.egypttoday.com
