The United Bank posted 27% year-on-year (YoY) higher consolidated net profits after tax at EGP 1.570 billion in the first half (H1) of 2025, versus EGP 1.234 billion

A banking consortium led by Banque Misr has signed a long-term syndicated loan agreement worth EGP 6.2 billion with Mountain View.

The United Bank logged 67% year-on-year (YoY) higher consolidated net profits after tax and attributable to the parent company at EGP 774 million in the first three months of 2025, up from EGP 464 million in the first quarter (Q1) of 2024.

The Egyptian Exchange (EGX) announced the successful execution of the public and private offerings of The United Bank (UBEE) shares, involving 330 million shares, equivalent to 30% of the bank’s issued capital.

The subscription period for investors in The United Bank’s initial public offering (IPO) begins on November 27th, and will remain open until December 3rd.

Subscription to the United Bank’s private offering on the Egyptian Exchange (EGX) has been oversubscribed by three times its allocated shares.

The private offering of The United Bank on the Egyptian Exchange (EGX) has been 1.06 times covered on its first day.

The United Bank has set an indicative price range for its forthcoming initial public offering (IPO) on the Egyptian Exchange (EGX) between EGP 12.70 and EGP 15.60 per share.

The Egyptian Exchange (EGX) has received an official request from The United Bank to list its shares on the main market.

The United Bank of Egypt is set to embark on a roadshow across the Gulf region, Europe, and the US over the next two months to promote its shares under listing plans on the Egyptian Exchange (EGX) in the first quarter (Q1) of 2025.

Qatar Islamic Bank (QIB) and Kuwait Finance House (KFH) have concluded due diligence on the United Bank of Egypt.

The United Bank of Egypt is planning to acquire from 20% to 30% stake in two technology firms in the coming few months.

A number of three Egyptian banks have started conducting due diligence on the United Bank of Egypt.

The Board of Directors of African Export-Import Bank (Afreximbank) has renewed their approval of a $1 billion worth of two loans to the United Bank of Egypt.

The move came after discussions with the Saudi Public Investment Fund (PIF) to acquire the United Bank of Egypt failed due arguments over calculating the impacts of devalued Egyptian pound on the deal.

The talks are over when the Egyptian government works on raising the necessary funding to bridge the financing gap.