Business
Egyptian Exchange Celebrates 30 Years of CIB Global Depositary Receipts
July 15, 2026 at 05:24 AM
The Egyptian Exchange hosted a ceremony to mark the 30th anniversary of Commercial International Bank's Global Depositary Receipts program.
- The Egyptian Exchange held a bell-ringing ceremony to celebrate 30 years since CIB launched its Global Depositary Receipts (GDRs) program in 1996.
- Egyptian Exchange Chair Omar Radwan stated that the 1996 GDR program launch was a pivotal milestone in the history of Egypt's capital market.
- CIB CEO Hisham Ezz El-Arab said the bank worked to build a balanced shareholder structure attractive to international investment institutions.
- Ezz El-Arab emphasized that companies targeting sustainable growth should increase their free-float ratio, which directly affects share attractiveness and valuation.