The Egyptian Financial Supervision Authority approves the offering of 30% of Banque du Caire’s shares

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The Egyptian Financial Supervision Authority announced its approval of the prospectus for Banque du Caire’s public offering to sell 30% of the bank’s shares, equivalent to about 4.6 billion shares, within a price range ranging between 4.82 and 5.30 pounds per share.

The offering is divided between a special segment for qualified investors that acquires 95% of the shares offered, equivalent to 28.5% of the total capital, and a general segment for the public, representing the remaining 5%.

The prospectus allows for an increase in the shares offered in the two tranches, according to the size of the coverage, up to an additional 15% of the bank’s total shares, bringing the potential offering percentage to 45% of the capital.

It is expected that subscription to the offering will be completed towards the end of October 2026, with trading in the shares to begin during November 2026, subject to obtaining the necessary regulatory approvals, according to a previous statement issued by the bank.

The bank appointed CI Capital Investment Banking Company as the main global coordinator and joint book manager, and it also appointed EFG Hermes as the joint global coordinator and joint book manager.

Baker McKenzie LLP provides legal advice to the bank and Banque Misr regarding American and English law, while Helmy, Hamza & Partners, a member of the Baker McKenzie International network, provides legal advice in accordance with Egyptian law.