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Cairo Bank Subscription Starts Tomorrow
Cairo Bank begins tomorrow the subscription to its public and private offering, to sell 30% of its shares, amounting to 4.575 billion shares, at a price ranging between 4.82 and 5.30 Egyptian pounds per share. The goal is to raise funds that pave the way for issuing a total of up to 45% of the shares. The private offering is limited to qualified investors, with the fair share price set at 5.30 pounds. Meanwhile, retail investors will be able to participate in the public offering until October 28, 2026. This offering aims to complete the bank’s final listing procedures on the Egyptian Exchange after approximately nine years of provisional listing.
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