Banque du Caire prices IPO at top of range at E£5.3 a share
Financing · announcedMonday 26 October 2026
Cabinet approved the sale of 30% to 45% of Banque du Caire on the Egyptian Exchange, and the regulator approved a larger offering share. The bank priced its IPO at the top of the range at E£5.3 a share after institutional orders of EGP 205.8bn in the private tranche.
A large state-bank listing with strong institutional demand signals appetite for Egyptian bank equity and sets the valuation for future state divestments.
From April 2027, consumer finance companies must consult a score from the I-Score private credit bureau before approving financing, under a new Financial Regulatory Authority rule. The rule supports greater machine-driven decisions in lending, drawing on alternative data.
Fawry's subsidiary Fawry Consumer Finance received preliminary FRA approval to add factoring to its activities. It plans to offer invoice financing to MSMEs once it gets the final licence.
The Central Bank of Egypt and the Financial Regulatory Authority said stress tests on the ten largest banks, about 80% of sector assets, showed low to moderate capital and liquidity risk. The tests cover macroeconomic and climate scenarios and are continuously updated.
MIDBANK has received FRA approval to set up a digital finance company focused on small and medium enterprises. The approval is for establishment, so the company still needs to be set up and licensed.
The Financial Regulatory Authority approved raising the Banque du Caire IPO sale from 30% to 45% of capital, lifting the offer to about EGP 36.4 billion. Foreign cornerstone investors including EBRD and IFC committed up to USD 256 million, and the public tranche was reported at nearly double its allotment.
Tanmiya has closed a fund at $130 million, below the earlier $150 million target. The European Investment Bank committed $38 million in an announcement on 26 October.
The MNT-Halan board raised issued capital from about $2.9 million (E£160m) to about $3.2 million (E£176m) by issuing 163.265 million shares at the IPO price of about $0.44 (E£24.5). The decision follows the October 20 EGX listing, in which the parent sold a 20 percent stake.
MNT Investments BV subscribed to 163.27 million new shares at the EGP 24.50 offer price, and the about $71 million (E£4bn) increase is fully paid. Half of the IPO proceeds are now back inside the listed company.
