Egypt Approves Banque Du Caire’s $453m IPO

Egypt’s Financial Regulatory Authority has approved the prospectus for Banque du Caire’s initial public offering on the Egyptian Exchange (EGX), allowing the state-owned lender to sell a 30% stake worth up to EGP 24.25 billion ($453 million). The approval, announced on October 18, 2026, moves forward a privatization plan that has faced delays for more than 9 years. The offering could be increased to 45% depending on investor demand, potentially raising proceeds to EGP 36.4 billion.

The transaction…