By: Ahmed Allam

Cairo - Mubasher: The chairman and general director of Attijariwafa Bank, Mohammed El Kettani, said on Sunday that his group is not considering listing its unit in the Egyptian Exchange (EGX).

On the sidelines of a press conference in Cairo, El Kettani said that issuing a stake in Attijariwafa Bank-Egypt is not being considered by the board of directors.

The bank’s chairman also noted that the group’s is focused on completing the merger procedures, which is expected to be completed within 12 months.

Last week, Attijariwafa Bank carried out the acquisition of Barclays Bank Egypt with a total value of $494.9 million ($9 billion), as shown by the data of the Egyptian Exchange (EGX).

Sources told Mubasher that the deal was completed over the counter on 9.951 million of the bank’s shares through 93 transactions.