The Financial Regulatory Authority (FRA) agreed to increase the stake offered for sale in Banque du Caire’s initial public offering (IPO) from 30% to 45% of the total issued share capital

The initial public offering (IPO) of Banque du Caire has attracted subscription orders for approximately 453.6 million shares in the public tranche, representing a coverage ratio of 1.98 times the 228.75 million shares allocated to retail investors.

Banque du Caire and its major shareholder, Banque Misr, have signed cornerstone investment agreements with a group of qualified investors to purchase about 63% of the shares allocated to the first tranche of its private placement, which represents 95% of the total shares offered for sale.

The public offering of Banque du Caire on the Egyptian Exchange (EGX) has attracted subscriptions for approximately 97.01 million shares on its first day, equivalent to 0.424 times the total number of shares offered.

Banque du Caire has set the indicative price range for its initial public offering (IPO) on the Egyptian Exchange (EGX) between EGP 4.82 and EGP 5.30 per ordinary share.

The Financial Regulatory Authority (FRA) approved the prospectus for a 30% share offering in Egyptian state-owned lender Banque du Caire, with an indicative value of approximately EGP 24.25 billion at the upper end of the proposed price range, as per a statement.

Egypt has increased the stake it plans to offer in Banque du Caire on the Egyptian Exchange (EGX) to 45%, from 30% previously, an unnamed official source told Asharq Business.

Banque du Caire plans to offer 30% of its issued share capital on the Egyptian Exchange (EGX) through an initial public offering (IPO), with Banque Misr selling 4.575 billion existing ordinary shares.

The Egyptian Exchange’s (EGX) market capitalization has surpassed EGP 4.3 trillion, while average daily trading value has approached a record EGP 10 billion, EGX Executive Chairman Omar Radwan said.

Banque du Caire posted a net profit after tax of EGP 8.6 billion in the first half (H1) of 2026, up 15% from EGP 7.5 billion in the same period of 2025.

Banque du Caire announced an annual return of up to 16.25% on its Tharwa current account for individual customers, in line with its commitment to providing innovative banking solutions that meet customer needs.

The initial public offering (IPO) of Banque du Caire has been delayed again, with investor roadshows pushed to September or October, Hashem El Sayed, assistant prime minister, said.

Banque du Caire has launched a new savings certificate offering a fixed annual return of 18.5% for Primo Affluent customers, alongside a broader range of savings products with fixed and graduated returns.

QNB Egypt signed a medium-term syndicated loan worth EGP 11.98 billion for Kased Khair to finance an infrastructure development project at East Port Said Port.

Banque du Caire recorded a 16% year-on-year (YoY) increase in net profit after taxes during the first quarter (Q1) of 2026, supported by growth across its retail banking, treasury, and corporate and small and medium enterprise (SME) lending activities.

Banque du Caire has offered a three-year savings certificate with a competitive monthly return, along with an 18-month savings deposit with an attractive return.

The Egyptian government will announce the timeframe for the initial public offerings (IPOs) of Banque du Caire and Misr Life Insurance Company on the Egyptian Exchange (EGX) during May and June, Minister of Investment and Foreign Trade Mohamed Farid announced in a meeting with a delegation from HSBC and Bank for International Settlements (BIS).

Banque du Caire signed a financing agreement with Kandil Glass to support the construction of a new glass manufacturing plant at the Ataqa Free Zone in Suez, with an expected daily production capacity of 100 tons.

Banque du Caire generated net profits after tax amounting to EGP 16.1 billion in 2025, up 30% year-on-year (YoY) from EGP 12.4 billion.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) signed a financing agreement with Banque du Caire for a total amount of EGP 400 million, according to a press release.