IPO WATCH- The central bank is considering delaying both the sale of United Bank of Egypt and the floating of 20% of Banque du Caire’s shares on the EGX, Al Masry Al Youm reports. The central bank had originally said it is planning on listing BdC on the EGX and selling UBE to a strategic investor this year, but new reports suggest that assessments are still underway. A source had said in July that the CBE would postpone UBE’s sale to next year. UBE Chairman Ashraf El Kady says the timing of the sale is dependent on when restructuring will be completed. He added that UBE’s shares sale will take place after completing the IPO of BdC as well as that of Arab African International Bank, which is also thought to be eyeing an EGX listing.

The Food Industries Holding Company (FIHC) may get the nod to list on the EGX. Supply Minister Ali El Moselhy said FIHC is being restructured and then the possibility of it listing its shares will be studied, Reuters reports. “The ministry is currently implementing a massive project to develop and automate all 43 companies under (FIHC),” El Moselhy says.