Egyptian state-run bank Banque du Caire is expected to list its shares in 1H17 as part of the government's plan to sell some stakes in state assets to strengthen the Egyptian stock market and attract investors. The Egyptian stock exchange said the bank had submitted a formal listing request. The bank has EGP2.25bn (USD119.17mn) in capital distributed over 562.5 million shares at a nominal value of EGP4, the statement said. The company will list on the stock market next week and undergo an IPO by 1H17, market sources later told Reuters, describing it as the biggest stock offering since 2010. EFG-Hermes and HSBC are the advisors for the IPO. Central Bank of Egypt (CBE) Governor Tarek Amer had said in March 2016 that the government is planning to offer 20% of Banque du Caire, as well as a 40% stake in the Arab African International Bank (AAIB). (Reuters)