Egypt approves sale of 30% of Banque du Caire
By the AFREEQUE newsroom, based on Daily News Egypt
Egypt’s Financial Regulatory Authority has approved the sale of 30% of Banque du Caire, or up to 4.575 billion shares, for about 24.25 billion Egyptian pounds. Orders will be collected from 19 to 23 October 2026, with the final price to be announced by 26 October at the latest, according to Hashem El-Sayed.
Egypt’s Financial Regulatory Authority on Sunday approved the prospectus for the sale of 30% of Banque du Caire’s capital, for a value of up to about 24.25 billion Egyptian pounds. The operation covers a maximum of 4.575 billion existing shares, Hashem El-Sayed, adviser to the Prime Minister and head of the unit responsible for state-owned companies, said, according to Daily News Egypt.
The sale will take the form of a secondary offering on the Egyptian Exchange. The shares are currently held by Banque Misr, a state-owned Egyptian bank, according to an earlier statement by Banque du Caire.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
