Banque du Caire S.A.E. (“BdC”, the “Bank” or the “Issuer”) announces the final offer price of its initial public offering (the “IPO” or the “Offering”) on the Egyptian Exchange (the “EGX”) at EGP 5.30 per share (the “Offer Price”), following the completion of the book-building process for the Private Offering. The Offer Price is at the top end of the price range of EGP 4.82 to EGP 5.30 per share announced on 18 October 2026.
Key Offering Highlights
The Private Offering comprised 6,519,375,000 shares, representing 95% of the Offering and 42.75% of the Bank’s total issued share capital, offered to qualified investors in Egypt and to investors outside Egypt, including qualified institutional buyers in the United States in reliance on Rule 144A or another available exemption from registration under the Securities Act, and investors outside the United States in offshore transactions in reliance on Regulation S, in each case under the U.S. Securities Act of 1933, as amended (the “Private Offering”).
The Private Offering represents the largest private tranche in the history of initial public offerings on the EGX, amounting to approximately EGP 34.55 billion (c. USD 625 million).
The book-building process for the Private Offering has concluded, generating record investor demand, with aggregate orders of approximately EGP 205.8 billion (c. USD 3.72 billion), the highest level of demand recorded for a private tranche1 in EGX IPO history, implying an oversubscription level of approximately 6.0 times.
The Private Offering attracted substantial interest from a broad base of international, regional and local investors, alongside the participation of the previously disclosed key institutional investors; the European Bank for Reconstruction and Development (“EBRD”) and the International Finance Corporation (“IFC”), Helikon, Sustainable Capital, RWC and Waha Investments (together, the “Key Institutional Investors”), reflecting solid investor confidence in the Bank’s investment proposition.
Excluding the Key Institutional Investors, the remaining portion of the Private Offering was oversubscribed approximately 19.8 times, demonstrating the depth of investor demand beyond the participation of the Key Institutional Investors.
At the Offer Price, the Offering size amounts to approximately EGP 36.37 billion (c. USD 658 million), implying a market capitalization for the Bank of approximately EGP 80.83 billion (c. USD 1.46 billion).
The Public Offering comprises 343,125,000 shares, representing 5% of the Offering and 2.25% of the Bank’s total issued share capital. The subscription period for the Public Offering opened on 19 October 2026 and is expected to close on 28 October 2026.
Execution for the Offering is expected on 29 October 2026, while settlement and commencement of trading on the EGX under the ticker “BQDC” are expected to take place on 2 November 2026, subject to the completion of the relevant regulatory approvals.
Commenting on the Offering, the Bank’s Managing Director and Chief Executive Officer, Mr. Hussein Abaza, said: “We are delighted with the exceptional response to Banque du Caire’s offering from international, regional and Egyptian investors, culminating in record demand and pricing at the top end of the announced range for the private tranche. The strength and breadth of participation, particularly from leading international institutional investors, is a strong endorsement of Banque du Caire’s investment proposition, the progress achieved through our transformation journey and our long-term growth prospects. The successful conclusion of the largest private tranche in EGX IPO history, supported by unprecedented demand, marks a defining milestone for Banque du Caire and underscores the ability of Egypt’s capital markets to attract significant international investment. We look forward to welcoming our new shareholders and building on this momentum as we enter the next phase of our development as a publicly listed bank.”
The Bank has engaged CI Capital Investment Banking S.A.E. (“CI Capital”) to act as Lead Global Coordinator and Joint Bookrunner, and EFG Hermes Promoting & Underwriting S.A.E. (“EFG Hermes”) to act as Joint Global Coordinator and Joint Bookrunner for the Offering. Baker McKenzie LLP has been appointed as legal counsel to the Bank and Banque Misr as to U.S. and English law, while Helmy, Hamza & Partners (a member firm of Baker McKenzie International), has been appointed as Egyptian legal counsel in connection with the Offering.
