Business · Markets · 9 hrs ago
Banque du Caire to offer 30% stake in Egypt IPO
Banque du Caire, a state-owned bank in Egypt, plans to sell 30% of its shares on the Egyptian stock exchange.
The offer will consist of 4.575 billion shares owned by Banque Misr, another state lender.
The sale is expected to be the country’s second major IPO in a month and its first major state-backed IPO since the sale of 30% of United Bank in late 2024.
Egypt has been trying for years to sell or list Banque du Caire, but plans dating back to about 2016 were repeatedly delayed.
The offer is aimed at qualified investors in Egypt and abroad, as well as institutional buyers.
The share price and valuation have not been disclosed.
Subscription is expected to close in late October, with trading planned for November, subject to regulatory approvals.
Banque du Caire plans to offer a 30% stake through Egypt’s stock exchange.
The sale would be Egypt’s second major initial public offering in a month.
The offering consists of 4.575 billion shares owned by Banque Misr SAE.
Subscriptions are expected to close in late October, with trading expected to begin in November.
The sale would be Egypt’s first major state-owned company IPO since the sale of 30% of United Bank in late 2024.
- Who
- Banque du Caire, a state-owned Egyptian bank, plans to sell the stake. The shares belong to Banque Misr SAE.
- What
- The bank plans to offer a 30% stake through an IPO.
- When
- The announcement was reported on October 11, 2026. Subscriptions are expected to close in late October, with trading in November.
- Where
- Through Egypt’s stock exchange.
- Why
- The sale is part of Egypt’s privatization program. A specific reason for the sale is not stated.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The Egyptian government’s plans to sell Banque du Caire to an investor or list its shares were repeatedly delayed.
Egypt sold 30% of United Bank, the previous major state-owned company IPO cited in the reports.
Banque du Caire’s planned 30% stake sale was reported.
Subscription for the offering is expected to close.
Trading in the shares is expected to begin.
- Stake offered
- 30%
- Shares offered
- 4.575 billion
- Shareholder
- Banque Misr SAE
- Expected subscription close
- Late October 2026
- Expected trading start
- November 2026
- Bookrunners
- EFG Hermes and CI Capital Investment Banking
Sources
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