The Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, participated in the inaugural trading session of Banque du Caire (BDC) shares on the Egyptian Exchange (EGX) on Monday, November 2, 2026, marking a historic milestone for Egypt’s capital market. The event, held in the presence of Prime Minister Mostafa Madbouly and senior officials from the financial and banking sectors, celebrated the largest initial public offering (IPO) in the history of the Egyptian Stock Exchange, with a total offering value exceeding EGP 36.37 billion.
Senior Government and Financial Leaders Attend the Historic Listing Ceremony
The “Ring the Bell” ceremony was attended by Prime Minister Mostafa Madbouly, Dr. Islam Azzam, Executive Chairman of the Financial Regulatory Authority (FRA), Dr. Hashem El-Sayed, Assistant to the Prime Minister and Chief Executive of the Cabinet’s Central Unit for Monitoring and Regulating State-Owned Companies, and Omar Radwan, Executive Chairman of the Egyptian Exchange.
The ceremony also brought together Mohamed El-Etreby, Chief Executive Officer of the National Bank of Egypt; Hisham Okasha, Chief Executive Officer of Banque Misr; and Hussein Abaza, Managing Director and Chief Executive Officer of Banque du Caire, alongside a distinguished group of senior officials and leaders from the banking and capital market sectors.
Madbouly: Banque du Caire’s IPO Marks a Turning Point in Economic Reform
In his remarks, Prime Minister Mostafa Madbouly expressed his pleasure at attending the inaugural trading session of Banque du Caire shares on the Egyptian Exchange, describing the event as a significant turning point in Egypt’s economic reform journey.
Madbouly emphasized that the offering represents the largest IPO in the history of the Egyptian capital market, reflecting the Egyptian state’s vision and its State Ownership Policy Paper, which aims to expand private sector participation in economic activity and broaden the ownership base among individual citizens and institutional investors.
He noted that the successful listing represents an important step toward strengthening the role of the private sector and supporting the development of Egypt’s capital market.
Hassan Abdalla: Strong Investor Demand Reflects Confidence in Egypt’s Banking Sector
For his part, Hassan Abdalla, Governor of the Central Bank of Egypt, highlighted the significant interest shown by major international institutional investors, including the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), as well as retail investors.
Abdalla explained that this strong demand reflects the success of Banque du Caire’s listing on the Egyptian Exchange and demonstrates the strength and resilience of the Egyptian banking sector, supported by solid financial indicators.
He added that the offering’s success also reflects growing confidence in the Egyptian economy and the effectiveness of the economic reforms implemented by the state, further strengthening Egypt’s position as an attractive destination for international investment.
Egyptian Exchange: Banque du Caire Listing Exceeds EGP 36.37 Billion
Meanwhile, Omar Radwan, Executive Chairman of the Egyptian Exchange, described the commencement of trading in Banque du Caire shares as a defining moment in the development of Egypt’s capital market.
Radwan stated that the listing represents the largest in the history of the Egyptian Exchange, with a total offering value exceeding EGP 36.37 billion.
He emphasized that this achievement goes beyond the listing of a major banking institution established in 1952, serving as tangible evidence of confidence in the resilience of the Egyptian economy, the attractiveness of its investment climate, and the Egyptian market’s ability to accommodate major strategic offerings.
Banque du Caire IPO Attracts Record Demand and International Investment
Radwan further revealed that the public offering witnessed exceptional demand, with an oversubscription rate of 27 times and purchase orders exceeding 9.28 billion shares.
The private offering also attracted substantial institutional and international investor interest, while the overall IPO successfully attracted more than half a billion US dollars in investment transferred from abroad.
He noted that these figures reflect strong confidence in the Egyptian economy and its investment opportunities, highlighting the growing appeal of the Egyptian capital market to both domestic and international investors.
EGX Plans to Expand Financial Instruments and Attract New Investors
The Executive Chairman of the Egyptian Exchange added that the historic success of Banque du Caire’s IPO is expected to support institutional development plans and strengthen liquidity in the Egyptian stock market, in line with the objectives of comprehensive economic growth.
Radwan affirmed that the EGX will continue introducing innovative financial instruments and mechanisms to attract new categories of individual and institutional investors, as well as regional and international investment funds.
He also stressed the importance of strengthening the Egyptian Exchange’s position as a leading financial hub capable of keeping pace with global developments and providing sustainable financing opportunities for major national institutions.
Banque du Caire IPO: Key Figures and Offering Details
Banque du Caire’s listing represents a major milestone in the history of the Egyptian stock market, with the offering comprising 6,862,500,000 shares, equivalent to 45% of the bank’s total shares of 15,250,000,000.
The total offering value reached EGP 36,371,250,000, corresponding to a market capitalization of approximately EGP 80,825,000,000, while the bank’s issued capital stands at EGP 30,500,000,000.
These figures underscore the scale of the transaction and its significance for Egypt’s banking sector and capital market, reinforcing the role of the Egyptian Exchange in supporting investment, expanding private sector participation, and financing economic growth.
