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Financial Authority approves Cairo Bank share issue
The General Authority for Financial Control has approved the offering prospectus for Bank Cairo's shares after approximately 9 years since its provisional listing in 2017. This is part of the state's efforts to broaden ownership and enhance the efficiency of managing state-owned companies. The offering includes up to 30% of the bank's capital, equivalent to about 4.575 billion shares with a value of approximately 24.25 billion Egyptian pounds, at a price ranging from 4.82 to 5.30 pounds per share, with the possibility of increasing the offering percentage to 45%. Orders from investors are expected to be received between October 19 and 23, 2026, with the final price to be announced on October 26 of the same month, as part of the government offerings program to boost the Egyptian stock market and attract investments.
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