Business
Banque du Caire announces 30% stake IPO on Egyptian Exchange
October 11, 2026 at 08:33 PM
Coverage
3 reports · over 4 hours
Banque du Caire has announced an initial public offering of 30% of its shares on the Egyptian Exchange through the sale of 4.575 billion shares owned by Banque Misr.
- The offering, announced Sunday, comprises a private placement for qualified investors and a public offering for individual investors in Egypt.
- Subscription is expected to conclude in late October, with trading beginning in November, pending approvals from the financial regulator and the exchange.
- The bank appointed CI Capital as lead manager and EFG Hermes as co-lead manager for the offering.
- The IPO is part of Egypt's state divestment program, after the listing was delayed several times since 2017 due to market volatility and valuation disputes.