Banque du Caire officially commenced trading on the Egyptian Exchange (EGX) on Monday, November 2, 2026, in a landmark event attended by Prime Minister Dr. Mostafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla, and senior officials from the financial and banking sectors. The listing marks the largest initial public offering (IPO) in the history of the Egyptian capital market, with a total offering value of EGP 36.37 billion.
The inaugural trading session, held at the Egyptian Exchange’s headquarters, represents a significant development in Egypt’s capital market and reflects ongoing efforts to expand private sector participation, attract domestic and international investments, and strengthen the role of the stock market in financing the national economy.
Senior Government and Financial Officials Attend Historic Trading Session
The ceremony was attended by 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; Omar Radwan, Executive Chairman of the Egyptian Exchange; 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.
The event also brought together a distinguished group of senior government officials, banking leaders, and representatives of Egypt’s financial and investment sectors, highlighting the strategic importance of the offering to the national economy and the development of the country’s capital market.
Madbouly: Banque du Caire IPO Marks a Turning Point in Economic Reform
In his remarks, Prime Minister Mostafa Madbouly expressed his satisfaction with attending the commencement of trading in Banque du Caire shares on the Egyptian Exchange, describing the occasion as a significant milestone 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 government’s commitment to implementing its State Ownership Policy and expanding opportunities for private sector participation.
He further explained that the listing supports efforts to broaden the ownership base by providing both individual investors and institutional entities with opportunities to participate in major national economic institutions.
The Prime Minister’s remarks underscored the importance of developing the Egyptian capital market as an effective mechanism for attracting investments, strengthening corporate governance, and supporting sustainable economic growth.
CBE Governor: Strong Investor Demand Reflects Confidence in Egypt’s Banking Sector
For his part, Central Bank of Egypt Governor Hassan Abdalla 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), alongside strong participation from individual investors.
Abdalla stated that the substantial demand for Banque du Caire shares reflects the success of the listing and demonstrates confidence in the strength, stability, and financial performance of Egypt’s banking sector.
He added that the offering also represents an indication of international investors’ confidence in the Egyptian economy and the effectiveness of the economic reforms implemented by the state.
According to the CBE Governor, such developments contribute to enhancing Egypt’s position as an attractive destination for foreign investment and support the expansion of investment opportunities across the country’s financial and banking markets.
Egyptian Exchange: EGP 36.37 Billion Offering Sets a New Capital Market Record
Commenting on the historic listing, Egyptian Exchange Executive Chairman Omar Radwan stated that the commencement of trading in Banque du Caire shares marks a new phase in the development of Egypt’s capital market.
Radwan revealed that the transaction represents the largest listing in the history of the Egyptian Exchange, with a total offering value exceeding EGP 36.37 billion.
He noted that the significance of the transaction extends beyond the listing of a major banking institution established in 1952, as it also demonstrates the capacity of the Egyptian capital market to accommodate large-scale offerings and attract substantial investment flows.
Radwan added that the transaction reflects investor confidence in the resilience of the Egyptian economy, the attractiveness of its investment climate, and the market’s ability to support strategic financing operations involving major national institutions.
IPO Oversubscribed 27 Times Amid Strong Domestic and International Demand
The exceptional demand for Banque du Caire’s shares was among the most notable features of the offering.
According to the Egyptian Exchange’s announcement, the public offering was oversubscribed 27 times, with purchase orders exceeding 9.28 billion shares. The private offering also witnessed broad participation from institutional and international investors.
Radwan further highlighted that the IPO attracted more than USD 500 million in funds transferred from abroad, reflecting the participation of international investment institutions and the growing interest in Egyptian capital market opportunities.
The strong subscription figures underline the scale of investor interest in the transaction and its importance in broadening the investor base of the Egyptian Exchange.
Offering Details: 6.86 Billion Shares Representing 45% of Banque du Caire
Banque du Caire’s IPO involved the offering of 6,862,500,000 shares, representing 45% of the bank’s total share capital, which amounts to 15,250,000,000 shares.
The offering was valued at EGP 36,371,250,000, while the bank’s implied market capitalization reached approximately EGP 80,825,000,000. Banque du Caire’s issued capital stands at EGP 30.5 billion.
These figures establish the transaction as a major development in the Egyptian banking and capital markets sectors, providing a new investment opportunity while expanding public participation in the ownership of one of Egypt’s established banking institutions.
EGX Targets Greater Liquidity and Expanded Investment Opportunities
Radwan emphasized that the successful completion of Banque du Caire’s IPO is expected to support the Egyptian Exchange’s institutional development plans and contribute to increasing market liquidity.
He explained that the exchange will continue working to introduce innovative financial instruments and investment mechanisms aimed at attracting additional segments of individual and institutional investors, as well as regional and international investment funds.
He also stressed the importance of positioning the Egyptian Exchange as a leading financial hub capable of keeping pace with developments in regional and global financial markets while providing sustainable financing channels for major national institutions.
Banque du Caire Listing Strengthens Egypt’s Investment Market
The commencement of trading in Banque du Caire shares represents a major milestone for Egypt’s financial sector, bringing together government economic policies, banking sector development, and capital market expansion in one landmark transaction.
With an offering value exceeding EGP 36.37 billion, strong institutional participation, and public subscription exceeding its allocated shares by 27 times, the IPO highlights the growing role of the Egyptian Exchange in mobilizing investment and expanding ownership opportunities.
The listing also reinforces the importance of capital market development as part of Egypt’s broader economic reform framework, particularly through attracting foreign investment, strengthening private sector participation, and supporting the long-term growth of the national economy.
