Cairo – Mubasher: Prime Capital has set the fair value (FV) of Union National Bank – Egypt (UNB Egypt) at EGP 9.92 per share as the bank is heading for a delisting from the Egyptian Exchange (EGX), according to a bourse statement on Sunday.
The bank’s capital stands at EGP 1.474 billion, distributed over 263.3 million shares at a nominal value of EGP 5.6 apiece.
In December 2019, UNB Egypt announced that it was finalising procedures to submit the voluntary delisting request to the Egyptian bourse.
It is worth mentioning that during 2019, UNB Egypt achieved net profits of EGP 429.283 million, up from EGP 270.11 million in previous year.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
