Lead party: Banque du Caire (issuer)
Coverage: The Meridian legal market record (editorial).
Banque Misr sold 45% of Banque du Caire through an offer of about 6.86 billion existing shares at EGP 5.30, the top of the EGP 4.82 to 5.30 range, raising about EGP 36.37bn (c. US$658m). The offer was enlarged from 30% to 45% during bookbuilding. As all shares were sold by Banque Misr, Banque du Caire receives no new capital.
The private placement, 95% of the offer, attracted orders of about EGP 205.8bn and was roughly six times covered. The EBRD and IFC each took up to 15.74% of the placement, about US$100m apiece, alongside cornerstone investors Helikon, Sustainable Capital, RWC and Waha Investments. The shares began trading on the Egyptian Exchange under the ticker BQDC on 2 November 2026 and rose 6.3% on debut.
Advisers: EFG Hermes (adviser, per its own announcement). CI Capital manages the price stabilisation mechanism. Legal counsel not disclosed.
Status: completed; listed 2 November 2026.
Sources: Ecofin Agency, 27 October 2026; Forbes Middle East.
Update from LinkedIn firm publication: Egypt raised about US$658 million through the IPO of state-owned Banque du Caire. It is described as the largest IPO in the Egyptian Exchange’s history. Parent Banque Misr sold a 45% stake via 6.86 billion shares at EGP5.30. The offer was upsized from 30% on strong demand; Banque Misr keeps 55%. Demand reached about US$4.5 billion, roughly seven times the shares offered. The institutional tranche was six times covered and the retail offer 27 times. IFC and EBRD each invested US$100 million. CI Capital was Lead Global Coordinator and Joint Bookrunner; EFG Hermes was Joint Global Coordinator and Joint Bookrunner. Baker McKenzie advised Banque du Caire and Banque Misr, with Helmy, Hamza & Partners as Egyptian counsel. The IPO is part of Egypt’s state asset monetisation programme.
Value (as reported): ~US$658 million.
Law firms: Baker McKenzie – Counsel to Banque du Caire and Banque Misr; Helmy, Hamza & Partners – Egyptian legal counsel (to Banque du Caire/Banque Misr).
Other advisers: CI Capital Investment Banking (Lead Global Coordinator, Joint Bookrunner); EFG Hermes (Joint Global Coordinator, Joint Bookrunner).
Parties: Issuer: Banque du Caire; Seller: Banque Misr; Investors incl. IFC, EBRD.
Jurisdiction (as reported): Egypt · Sector (as reported): Banking / Equity capital markets.
Source: LinkedIn firm publication, posted 7 November 2026. Meridian record LI-DL-2026-0309.
