Banque du Caire has set the final offer price for its initial public offering (IPO) at EGP 5.30 per share, the upper end of the indicative price range of EGP 4.82–5.30 announced on October 18, 2026.
The Private Offering comprises 6,519,375,000 shares, representing 95% of the total offering and 42.75% of the bank’s issued share capital. At the final offer price, the tranche is valued at approximately EGP 34.55 billion (USD 625 million).
Total demand recorded for the Private Offering reached approximately EGP 205.8 billion (USD 3.72 billion), marking the highest demand recorded for a private tranche in the history of the Egyptian Exchange (EGX). The tranche was oversubscribed 6.0 times, rising to 19.8 times when excluding key institutional investors.
The key investors participating in the offering include the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Helikon, Sustainable Capital, RWC and Waha Investments.
The total offering amounts to approximately EGP 36.37 billion (USD 658 million), implying a market capitalization of approximately EGP 80.83 billion (USD 1.46 billion) at the final offer price.
The Public Offering comprises 343,125,000 shares, representing 5% of the total offering and 2.25% of the bank’s issued share capital. Subscription to the Public Offering opened on October 19 and is expected to close on October 28, 2026.
The offering is expected to be executed on October 29, 2026, while settlement and trading on the EGX under the ticker symbol BQDC are expected to begin on November 2, 2026, subject to the required regulatory approvals.
Banque du Caire Chief Executive Officer Hussein Abaza commented on the offering, while CI Capital is acting as Lead Global Coordinator and Joint Bookrunner, and EFG Hermes as Joint Global Coordinator and Joint Bookrunner. Baker McKenzie and Helmy, Hamza & Partners are providing legal counsel in connection with the transaction.
Separately, the EBRD and IFC have each independently agreed to participate in the Private Offering for an amount equivalent to USD 100 million, subject to specified conditions, including completion of the offering. Their participation is subject to commitments covering governance, transparency, anti-corruption and financial crime prevention, sanctions compliance, environmental and social management systems, lock-up arrangements, board independence, and alignment with the Paris Agreement through climate transition planning. Neither institution has entered into voting arrangements with Banque Misr.
The transaction remains subject to the applicable regulatory requirements. Investors should refer to the approved Public Subscription Notice (PSN) issued by the Financial Regulatory Authority (FRA) in Egypt, or the International Offering Circular (IOC) for investors outside Egypt, for the full terms, conditions and restrictions applicable to the offering. This announcement does not constitute a prospectus or an offer to sell securities.
