#Privatisation

Egypt’s United Bank to sell 30% stake via IPO on local bourse

Egypt’s United Bank to sell 30% stake via IPO on local bourse

The central bank is offering 330 million shares in United Bank at a maximum price of EGP15.6  apiece

Saudi Arabia

Saudi Arabia to restart privatisation plan for 29 airports

Ownership of the 29 airports has already been moved to a new entity

Saudi Arabia seeks to speed privatisations to help ease deficit

Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year