Dr. Hashim Mr., Assistant Prime Minister and Executive Chairman of the State-owned Corporate Unit of the Council of Ministers, disclosed the reasons for deferring the Cairo Bank ' s submission to the last quarter of the current year, in the light of a number of current variables, including the interest of international institutions in participating in the Bank ' s property structure, as well as current geopolitical conditions.
During his participation in Portfolio Egypt 2026, he added that the unit of State-owned companies did not manage the issue directly, explaining that its role was limited to reviewing and granting the necessary approvals in respect of deferred charges or any modifications associated with those responsible for the operation.
The competent authorities continued to assess the options available and the timing most appropriate for the implementation of the subordination, thereby making the best possible return to the State and ensuring the success of the process under local and global market conditions.
He noted that international investment institutions were interested in entering the Cairo property structure, which prompted stakeholders to study the various scenarios available to ensure maximum benefit from the subsidy process.
He stressed that the Government was aiming to implement the proposal in a timely manner to ensure the attraction of a broad base of investors and the achievement of a fair value of the asset, taking into account regional and international economic and financial developments.
It is reported that the Cairo Bank had previously selected EFG Holdings and CI Capital to take over the functions of managing the subsidy, while Baker Tele was appointed independent financial adviser for the transaction and Becker McKenzie was appointed legal adviser.
