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Cairo Bank reveals share offering price range
Cairo Bank, one of Egypt's largest banks, announced the indicative price range for its initial public offering (IPO) on the Egyptian Exchange. The offering will consist of 30% of its share capital, approximately 4.58 billion shares, valued between 22.05 and 24.25 billion Egyptian pounds, at a price ranging from 4.82 to 5.30 pounds per share. The offering includes a private placement for qualified investors inside and outside Egypt, as well as a public offering in Egypt. Trading of the shares is expected to commence in early November 2026, after obtaining the necessary legal approvals. The primary goal of the offering is to strengthen the bank’s position and broaden its investor base.
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