Egypt central bank hires Barclays as adviser on sale of its 99% stake in United Bank

Barclays CIB, which is part of Barclays International, will cooperate with local financial adviser CI Capital, a leading financial services group, in advising the CBE on the deal.

The CBE has not announced details on the deal yet.

The United Bank, which was first established in 2006, is among 32 state-owned companies that were recently designated for sale by the government under its IPO programme.