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# Banque du Caire Prepares 30% Stake Sale on the Egyptian Exchange
- URL: https://www.africainvestorreview.com/banque-du-caire-prepares-30-stake-sale-on-the-egyptian-exchange/
- Published: 2026-10-12T19:25:00.000Z
- Updated: 2026-10-13T01:35:05.000Z
- Description: State-owned shareholder Banque Misr opens a 4.575 billion share secondary offering on the EGX, marking the country's first major state banking listing since late 2024.
- Author: Charles S.
- Tags: M&A, North Africa

**CAIRO** — Egyptian state-owned lender [**Banque Misr**](https://www.linkedin.com/company/banque-misr/home/?ref=africainvestorreview.com) has announced plans to execute an initial public offering (IPO) of a **30% equity stake** in [**Banque du Caire**](https://www.linkedin.com/company/bdcegypt/home/?ref=africainvestorreview.com) on the [**Egyptian Exchange** (EGX)](https://www.linkedin.com/company/egyptian-exchange-egx/home/?ref=africainvestorreview.com).

The transaction will involve the sale of **4.575 billion existing ordinary shares**. The subscription phase is projected to close by late October 2026, with public trading scheduled to commence in November, pending final approval from the Financial Regulatory Authority (FRA).

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## Transaction Structure and Investment Advisors

The offering will be structured into a dual-tranche placement targeting institutional and retail market segments:

- **Private Placement:** A targeted tranche for institutional investors within Egypt, alongside international institutional allocations.
- **Public Retail Tranche:** A public offering tranche made available to retail investors in Egypt.
- **Joint Bookrunners:** [**EFG Hermes**](https://www.linkedin.com/company/efgholding/home/?ref=africainvestorreview.com) and [**CI Capital Investment Banking** ](https://www.linkedin.com/company/cicapital/home/?ref=africainvestorreview.com)have been appointed as joint global coordinators and bookrunners for the listing.
- **Legal Counsel:** [**Baker McKenzie**](https://www.linkedin.com/company/baker-&-mckenzie/home/?ref=africainvestorreview.com) is serving as international legal counsel, with **Helmy, Hamza & Partners** advising on Egyptian law.

## Earnings Profile and Capitalization

The listing comes as Egypt continues executing its broad state asset monetization program, supported by the [International Monetary Fund (IMF)](https://www.linkedin.com/company/international-monetary-fund/home/?ref=africainvestorreview.com) facility.

Banque du Caire reported solid operational metrics for the first half of 2026:

- **Profitability:** Annualized return on average equity (ROAE) reached **27.6%** in H1 2026, with a net interest margin (NIM) of **7.4%**.
- **Asset Base:** Treasury and capital markets assets reached **EGP 212.2 billion ($4.38 billion)**, with financial institutions division assets at **EGP 69 billion ($1.42 billion)**.
- **Strategic Reorientation:** Under Chief Executive Officer **Hussein Abaza**, the bank aims to increase non-interest income, which represented **17.8%** of net banking income in 2025, by expanding fee-based financial products and mid-market commercial lending.

Subject to regulatory non-objection and formal registration on the EGX, the floating of Banque du Caire will serve as a key benchmark for institutional liquidity within North Africa's banking sector.

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