Egypt

Banque du Caire raises IPO stake to 45% amid strong demand

Financing · in progressSunday 18 October 2026

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.

This is Egypt's largest IPO in over a decade and a key test of state bank divestment, with the cornerstone demand and upsizing signalling strong institutional appetite.

Key facts

Event: Financing · in progress
Date: Thursday 22 October 2026
Target: Banque du Caire
Sellers: Government of Egypt, Banque Misr
Investors: EBRD, IFC
Partner: CI Capital
Regulator: Financial Regulatory Authority
Amount: EGP 36bn

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