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NBKE Starts Purchasing its Shares Today Ahead of Delisting

National Bank of Kuwait – Egypt (NBKE) will purchase its EGX-listed shares starting today & for five working days.

NBKE will purchase its shares for EGP 20.03/share.

That’s the price that was determined, through a fair value study, last month.

The EGX approved the delisting last week.

NBKE shares that don’t get sold to the bank before the five-day deadline will be delisted from the EGX and traded through the operations system market.