Egyptian Exchange

Africa Global · 7 min read

Egypt’s Banque du Caire IPO : A Record Sale, but Not New Bank Capital

Banque du Caire’s EGP36.37 billion listing is a landmark for Egypt’s exchange, but it was a sale of existing shares by state-owned Banque Misr, not a fresh capital raise for the bank. A report that up to half the proceeds may go to the Treasury puts the transaction’s public-finance purpose in sharper focus.

Read the story