Egypt's Financial Regulatory Authority Approves Bank of Cairo Prospectus for 30% Stake Worth Up to 24.25 Billion Pounds

Egypt's Financial Regulatory Authority has approved the issuance prospectus for the listing of Bank of Cairo shares on the Egyptian Exchange, paving the way for the sale of a 30% stake in the bank's capital at a total value of up to approximately 24.25 billion pounds.

Hashem El-Sayed, Assistant Prime Minister and Head of the Public Business Sector Companies Unit, stated that the prospectus covers up to 4.575 billion shares representing 30% of the bank's capital, offered as a secondary sale from existing shares held by the state-owned Banque Misr.

The indicative price range has been set between 4.82 pounds and 5.30 pounds per share, with the total value of the offered shares reaching approximately 24.25 billion pounds at the top of the range. El-Sayed noted that the size of the offering may be increased to 45% in accordance with approved rules.

Some 95% of the offering is allocated to qualified investors through private placement, while 5% is directed to retail investors in the public offering. Purchase orders will be accepted between 19 and 23 October 2026, with the final price to be announced no later than 26 October 2026.