The head of Egypt's state-owned Banque du Caire told reporters on Tuesday that he expects to sell 30-40% of the bank by the end of 2019 or in early 2020. A deal to sell the bank was cancelled in 2008 and an initial public offering has been postponed repeatedly over the past three years. “We plan to offer 30-40% of the shares in the bank in principle through a capital increase and the sale of a stake to a strategic investor,” Chairman and CEO Tarek Fayed said.