Egypt Raises Over $650m In IPO Of State-Owned Bank
International investors joined the sale as Banque Misr sold 45% of the state-owned lender for $658 million.
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6 Articles
Egypt raises over $650 million in IPO of state-owned bank
Egypt on Monday raised more than 650 million dollars in its initial public offering of the state-owned Banque du Caire. The offering comes as the country advances reforms under an International Monetary Fund programme to boost private sector participation in Egyptian economy.
Egypt attracted about $650 million from the sale of 45 per cent of the shares of the Cairo State Bank, the largest primary public distribution of shares... ~ 02.11.2026, PRIM
Egypt raised more than $650 million in the initial public offering (IPO) of state-owned Banque du Caire on Monday, one of the largest asset sales in years as international creditors push for privatization. The move comes at a time when Egypt […] Egyptian privatizations, $650 million from sale of 45% of bank via IPO
IFC invests $100m in Banque du Caire IPO to boost business financing in Egypt
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it had invested $100m in the initial public offering (IPO) of Egypt’s Banque du Caire, securing an approximately 7% equity stake. The investment aims to strengthen the bank’s capacity to expand financing for businesses and households across […]
Shares of Banque du Caire surged 5% in the first moments of trading on the Egyptian Exchange on Monday, reaching EGP 5.55, compared to the initial public offering (IPO) price of EGP 5.30 per share. Banque du Caire's market capitalization reached approximately EGP 84.5 billion, up from EGP 80.83 billion at the IPO price, after the bank's shares began trading on the main market under the ticker symbol BQDC.CA. [The article "Banque du Caire Shares …
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