The United Bank debuted on the Egyptian Exchange in December 2024, marking the country’s first IPO of a bank since 1996. The bank divested 30% of its shares through a $90.5 million IPO, with 95% of the offered shares allocated to qualified institutional investors in Egypt and abroad and 5% to retail investors in Egypt. The United Bank offers conventional and Islamic services and employs over 1,600 people. The Central Bank of Egypt owns 69.99% of the bank, as of Q1 2025.