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.