Banque du Caire has set an indicative price range of EGP 4.82 to EGP 5.30 per share for its proposed initial public offering on the Egyptian Exchange (EGX), valuing the offering at between EGP 22.05 billion and EGP 24.25 billion.
The bank announced on October 18, 2026, that the offering will comprise 4.575 billion existing ordinary shares, representing 30% of its issued share capital. The transaction is expected to take the form of a secondary sale by Banque Misr, the selling shareholder.
The offering will consist of two tranches: a private offering of 4.34625 billion shares to qualified investors in Egypt and selected international markets, and a public offering in Egypt comprising 228.75 million shares.
At the indicative price range, Banque du Caire’s market capitalization is expected to reach between EGP 73.51 billion and EGP 80.83 billion. The final offer price will be determined through the book-building process for the private offering.
IPO Timeline
The book-building period for the private offering is scheduled to run from October 19 to October 23, 2026, while subscriptions for the public offering are expected to remain open from October 19 to October 28. The final offer price is expected to be announced on or before October 26, with trading anticipated to begin in early November, subject to regulatory approvals and potential changes to the timetable.
Hussein Abaza, Managing Director and Chief Executive Officer of Banque du Caire, said the announcement of the price range marks an important step toward listing the bank’s shares on the Egyptian Exchange. He highlighted the bank’s diversified operations across retail, corporate, small and medium-sized enterprises, and microfinance banking, alongside its focus on risk management, profitability and balance-sheet strength.
EFG Hermes and CI Capital to Coordinate the Offering
Banque du Caire has appointed CI Capital Investment Banking as Lead Global Coordinator and Joint Bookrunner, while EFG Hermes Promoting & Underwriting will serve as Joint Global Coordinator and Joint Bookrunner.
Baker McKenzie LLP has been appointed as legal counsel to the bank and Banque Misr on US and English law, while Helmy, Hamza & Partners, a member firm of Baker McKenzie International, will provide Egyptian legal counsel.
Financial Performance
Banque du Caire reported net interest income of EGP 18.8 billion and net profit after tax of EGP 8.9 billion in the first half of 2026. Net fee and commission income reached EGP 3.4 billion during the same period.
As of June 30, 2026, the bank’s total assets stood at EGP 561.2 billion, with gross loans of EGP 280.3 billion, deposits of EGP 443.9 billion and total equity of EGP 66.8 billion. Its capital adequacy ratio reached 22.1%.
The bank operates 242 branches and 2,205 ATMs across Egypt’s 27 governorates and serves approximately 3.2 million customers. It also reported more than one million mobile banking customers.
The proposed offering remains subject to the required regulatory approvals. Investors in Egypt are advised to rely on the public subscription notice approved by the Financial Regulatory Authority for information concerning the offering.
