The Export Development Bank of Egypt-EXPA has issued a statement to the EGX, firmly denying any knowledge or information regarding the news that the Oman Investment Authority is considering the acquisition of the bank. Despite this, the bank's stock is currently experiencing a remarkable upswing, reaching an unprecedented all-time high price of EGP 26.74 per share. During the first hour of the trading session, the stock witnessed a significant increase of approximately +5%.
*Prices as of 08/01/2024 session 10:30 CLT
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