A banking official at Arab African International Bank (AAIB) said that the bank would list a stake of its capital in the Egyptian stock exchange in 1Q17. He added that AAIB is currently in talks with Kuwait Investment Authority, which holds 50% stake in the bank, to determine the capital stake that would be listed, adding that the IPO discussions are at an early stage. He further stated that the necessary regulatory approvals could take up to three months. AAIB is a Joint Venture between the Central Bank of Egypt (CBE) and the Kuwait Investment Authority, that both hold 50% of the bank’s capital. Last March 2016, CBE’s Governor Tarik Amer has stated that the CBE may list a 40% stake in AAIB. (Al Borsa News)