Egypt Raises Offered Stake in Banque du Caire to 45% of Capital
The Egyptian Financial Regulatory Authority approved raising the offered stake in Banque du Caire to 45%, with the retail tranche covered 1.98 times and demand reaching 453.6 million shares.
The Egyptian Financial Regulatory Authority approved raising the offered stake of Banque du Caire's shares in the initial public offering from 30% to 45% of the issued capital.
According to the Authority's letter dated October 22, 2026, the European Bank for Reconstruction and Development and the International Finance Corporation may subscribe to up to 15.74% each of the first tranche of the private placement.
The retail tranche attracted demand for approximately 453.6 million shares, representing 1.98 times the number of shares allocated to retail investors.
Increasing the stake represents an expansion of the offering size prior to completing its procedures, with potential participation from two international financial institutions in the private tranche.
What do these terms mean?
Initial Public Offering: Selling a company's shares to investors for the first time on the stock exchange to raise capital.
Private Tranche: A portion of the offering allocated to institutional or major investors, rather than the general public.
Retail Tranche: The portion of the offering designated for individual investors.
Coverage Ratio: The volume of demand compared to the number of available shares, demonstrating the strength of interest in the offering.
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