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Source: بوابة الشروق
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Source: بوابة الشروق
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Islam Azzam, Chairman of the Financial Regulatory Authority, said that the offering of 45% of Banque du Caire’s shares, valued at approximately EGP 36.4 billion at EGP 5.30 per share, marks a major step forward for the capital market and raises the bank’s market capitalization to around EGP 80.8 billion. The private tranche was covered nearly six times and the public tranche 27 times, while the bank’s listing adds approximately 2.1% to the market capitalization of listed companies. He added that Misr Life Insurance could be the next offering, as the Authority is assessing its fair value and the steps needed to prepare it.
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