Banque du Caire to Offer 30% Stake to Public in Long-Awaited Listing

Banque du Caire announced its plans on 11 October to sell 30 percent of its capital to the public, a long-anticipated move on the Egyptian Exchange that has been repeatedly postponed for years, according to an official statement from the bank.

Banque Misr, the state-owned lender that holds the shares, will sell about 4.7 billion of them. The offering will be split into two tranches for qualified institutional investors and another for retail investors in Egypt.

The subscription is expected to take place in late October or early November, pending approval from regulators, including the Financial Regulatory Authority.

CI Capital, an Egyptian investment bank, will manage and coordinate the offering. EFG Hermes was selected to handle marketing and underwriting and will serve as lead manager and global coordinator. Baker McKenzie was appointed legal adviser to both banks on U.S. and English law, while Helmy, Hamza & Partners will advise on Egyptian law.

The announcement ends a delay of roughly 19 years, which stemmed from disputes over valuation and, at times, the government’s reluctance to sell.

In June 2025, the government tried to sell the bank to a strategic investor, but disagreements over its value stalled the effort and led officials to turn to a public listing instead.

The government approved a fair valuation for the bank in March and updated it in September to reflect the latest financial statements, issued in June 2026. The bank’s fair value reached EGP 75 billion (USD 1.43 billion), according to sources.