In brief
The Egyptian Exchange closed a record offering of 6.86 billion shares of Banque du Caire, valued at 80.8 billion Egyptian pounds. Prime Minister Mostafa Madbouly and senior officials marked the opening‑bell ceremony, while the move is hailed as a milestone in the State Ownership Policy to broaden private‑sector participation. Chairman Omar Radwan described the listing as the start of a new chapter for Egypt’s capital market.
In Cairo on November 2, 2026, Egypt finished its most substantial public offering to date when the Egyptian Exchange sold 45 % of Banque du Caire, raising more than 36.3 billion Egyptian pounds—roughly $650 million—in a record‑setting IPO.
The deal comprised 6.86 billion shares, valuing the bank at approximately 80.8 billion Egyptian pounds. The offering became the largest ever on the Egyptian Exchange, surpassing previous listings and underscoring the country’s growing financial market.
Officials highlighted that the sale marks a key milestone in the State Ownership Policy, a government agenda designed to increase private‑sector participation and widen share ownership among both individual and institutional investors.
The opening‑bell ceremony drew Prime Minister Mostafa Madbouly, who shared the stage with senior banking and capital market officials. The ceremony signaled the start of trading in Banque du Caire’s shares, an event that was broadcast to investors nationwide.
Madbouly described the listing as a major step in Egypt’s economic reform program, noting that the State Ownership Policy aims to broaden private participation across the economy and encourage broader share ownership.
Omar Radwan, chairman of the Egyptian Exchange, added that the offering marked a new chapter for the country’s capital market, reflecting a deeper integration of Egyptian enterprises into the global financial system.
Following the ceremony, trading in Banque du Caire’s shares opened on the Egyptian Exchange, inviting investors to participate in a now-publicly traded financial institution.
The IPO’s success demonstrates Egypt’s commitment to opening its economy and providing domestic and foreign investors with access to its financial sector, a factor that could attract further foreign direct investment.
As the bank’s shares begin to move within the market, analysts anticipate that the IPO will set a precedent for future listings, potentially encouraging other state‑owned enterprises to follow suit.
