Pre-Trading Thoughts

Mashreq Bank Egypt, Credit Agricole Egypt, and the National Bank of Kuwait’s Egypt unit have begun due diligence on United Bank with a view to potentially acquiring a stake in the bank. Misr Digital Innovation Company, a subsidiary of Banque Misr, submitted the first application to obtain a license to operate a digital bank in Egypt. SAUD announced receiving preliminary approvals to establish Al Baraka Sukuk Company, through its affiliate Al Baraka Capital. The Financial Supervisory Aut...