Bank of Cairo Plans to List 30% of Its Shares on the Egyptian Stock Exchange
Bank of Cairo announced its intention to list 30% of its capital on the Egyptian Stock Exchange by selling shares owned by Bank Misr, with expectations to complete the subscription by late 2026 after obtaining regulatory approvals.
Translated by Qiyas from الجريدة — Original source
The Bank of Cairo announced its intention to offer 30% of its capital on the Egyptian Stock Exchange, through the sale of 4.575 billion existing shares held by Bank Misr, in a public offering within Egypt and a private placement for qualified investors in Egypt and several international markets.
In a statement, the bank clarified that the offering is currently pending the completion of necessary regulatory approvals, including approval from the Financial Regulatory Authority for the offering circular, registration of the bank’s shares, and approvals from the Egyptian Exchange.
The subscription for the offering is expected to be completed by late October 2026, with trading in the shares set to begin in November 2026, according to the statement, subject to obtaining the required regulatory approvals.
The offering comprises two tranches: the first is a private placement for qualified investors in Egypt and several countries, including qualified institutional investors in the United States; the second is a public offering for subscription in Egypt.
