EGX finalising delisting procedures of UNB Egypt

Cairo – Mubasher: The Egyptian Exchange (EGX) has received a request from the Union National Bank – Egypt (UNB Egypt) for the voluntary delisting of its shares amounting to 263.35 million.

The request will be submitted to the listing committee for review and approval, the EGX said in a statement on Wednesday.

Previously, Prime Capital set the fair value (FV) of UNB Egypt at EGP 9.92 per share.

In December 2019, the bank announced that it was finalising procedures to submit the voluntary delisting request to the Egyptian bourse.

Mubasher Contribution Time: 04-Mar-2020 11:55 (GMT)
Mubasher Last Update Time: 04-Mar-2020 11:55 (GMT)