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Bank of Cairo offers 30% shares at 24.25B pounds
The Financial Regulatory Authority has approved the issuance prospectus for the shares of Bank Cairo on the Egyptian Exchange, as part of the government's plan to boost the capital market and expand ownership among state-owned companies. The offering involves selling 30% of the bank’s capital, which amounts to approximately 4.575 billion shares with an estimated value of up to 24.25 billion EGP, at prices ranging between 4.82 and 5.30 EGP per share, with the possibility of increasing the offering to 45%. Subscription applications from investors will begin from October 19 to October 23, 2026, and the final price will be announced before the end of October, aiming to complete the offering procedures and achieve the objectives of the government’s offering program.
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