Banque du Caire sets final share offering price at 5.30 EGP

Banque du Caire has announced the final price for its share offering on the Egyptian Exchange at 5.30 EGP per share. This price represents the upper limit of the previously announced indicative price range of 4.82 EGP to 5.30 EGP.

The private placement tranche, which includes approximately 6.52 billion shares representing 42.75% of the bank's total issued capital, saw record demand. Total orders reached approximately 205.8 billion EGP (about 3.72 billion USD), resulting in a coverage rate of 6 times. When excluding shares allocated to pre-disclosed key qualified investors, the coverage rate rose to 19.8 times.

The private placement is valued at approximately 34.55 billion EGP (about 625 million USD), marking the largest private placement tranche in the history of initial public offerings on the Egyptian Exchange. Key participating qualified investors include the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), Helikon, Sustainable Capital, RWC, and Waha Investments.

The public offering tranche remains open for subscription until Wednesday, October 28, 2026.