Banque du Caire to list its shares in first half of year

Egyptian state-run lender Banque du Caire will list its shares in the first half of the year as part of the government's plan to sell some stakes in state assets to strengthen the Egyptian stock market and attract investors. The Cairo stock exchange said that the bank had submitted a formal listing request. The bank has 2.25 billion Egyptian pounds ($119.17 million) in capital distributed over 562.5 million shares at a nominal value of 4 pounds per share, it said.