Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved the public and private offering prospectus for the shares of Banque Du Caire on the Egyptian Exchange (EGX).
According to the FRA's statement on Sunday, the Authority approved the registration of Banque Du Caire in the register prepared at the Authority, in accordance with the provisions of the FRA Board of Directors' Resolution No. (121) of 2017, as part of completing the procedures necessary for offering 30% of the total shares of the bank's capital on the Egyptian Exchange (EGX).
The Authority's approval included endorsing the public and private offering prospectus for the sale of 4.575 billion shares, representing 30% of the bank's total issued capital shares.
This offering comes with a price range between EGP 4.82 and EGP 5.30 per share, based on the fair value study of the shares prepared by the financial advisor, where the final target offering price reached EGP 5.30 per share.
The offering process is executed through two main tranches, which are:
First Tranche (Private Offering):
Allocated to financial institutions, individuals, and entities with experience and financial solvency, for the sale of 4.346 billion shares, representing 95% of the total shares offered for sale (equivalent to 28.5% of the total shares of the bank's capital).
Second Tranche (Public Offering):
Allocated to the general public for the sale of 228.75 million shares, representing 15% of the total shares offered for sale (equivalent to 1.5% of the total shares of the bank's capital).
The offering also includes the possibility of increasing the number of offered shares in the event that the offering volume is covered, with a maximum of 2.287 billion additional shares, bringing the total percentage of offered shares to 45% of the bank's capital after approval.
The bank is obligated to fulfill all conditions and rules of listing and delisting on the Egyptian Exchange (EGX), and to submit what proves the approval of the Cabinet of Ministers pursuant to Law No. (170) of 2025, prior to the commencement of trading the shares on the exchange.
