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Hermes: Banque du Caire’s IPO to go ahead this year

Mostafa Gad, co-head of the promotion and underwriting sector at EFG Hermes, expects the initial public offering (IPO) for Banque du Caire to go ahead this year.

That’s after obtaining the necessary approvals from the Governmental Offerings Committee, Central Bank of Egypt, and Banque Misr.

Hermes will act as the financial advisor for its listing on the Egyptian Exchange.