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Banque du Caire sets EGP 4.82–5.30 price range for EGX listing
The state-owned lender's 30 percent offering could reach EGP 24.25 billion at the top of the range.
Banque du Caire announced an indicative price range of EGP 4.82 to EGP 5.30 per share for its planned listing on the Egyptian Exchange on October 18, 2026. The offering covers 4.575 billion existing ordinary shares, representing 30 percent of the bank's issued share capital, in a fully secondary sale by parent Banque Misr. At the top of the range, the transaction would reach EGP 24.25 billion, equivalent to USD 453.1 million, and imply a market capitalisation of EGP 80.83 billion.
Offering structure and timetable#
The offering is divided into two tranches: a private placement of 4.34625 billion shares for qualified investors in Egypt and selected international markets, and a public offering of 228.75 million shares in Egypt. The book-building process for the private tranche is scheduled to run from October 19 to October 23, 2026, while the public subscription period is expected to remain open from October 19 to October 28. The final offer price is expected to be announced on or before October 26, with trading on the Egyptian Exchange anticipated to begin in early November, subject to regulatory approvals from the Financial Regulatory Authority and the exchange.
Valuation and proceeds#
At the lower end of the range, the offering would be valued at EGP 22.05 billion, equivalent to USD 412 million, and imply a market capitalisation of EGP 73.51 billion. The transaction is a secondary sale, meaning Banque Misr will sell existing shares and retain all proceeds rather than the bank issuing new equity. The indicative price range and timetable remain subject to change pending final regulatory approvals and market conditions.
Market context#
The Banque du Caire offering follows MNT-Halan's recent initial public offering on the Egyptian Exchange, which closed subscriptions in October 2026 with total demand of EGP 125.9 billion for an EGP 7.84 billion offering, according to preliminary data from brokerage Thndr. That order book represented 16 times the shares on offer and was triple the combined demand for the two other Egyptian Exchange listings in 2026, Gourmet and Korra Energi. The EGX30 index closed the third quarter of 2026 up 2.79 percent at roughly 51,900 points, after an 11.4 percent rally in the second quarter.
Sources2 sources across 2 domains
- waya.mediaWaya MediaIndicative price range of EGP 4.82 to EGP 5.30 per share, offering size of 4.575 billion shares, offering value of EGP 22.05 billion to EGP 24.25 billion, market capitalisation range, tranche structure, book-building and subscription dates, and expected final pricing date of October 26, 2026
- enterpriseam.comEnterprise30 percent float of shares, fully secondary offering by Banque Misr, expected trading start in November subject to Financial Regulatory Authority and EGX approvals, MNT-Halan order book of EGP 125.9 billion for EGP 7.84 billion offering representing 16x oversubscription, comparison with Gourmet and
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