Banque du Caire boosts IPO stake to 45%, aims for largest in Egypt in over a decade

Banque du Caire: Banque du Caire is one of Egypt's major commercial banks, founded in 1952 and headquartered in Cairo, providing retail, corporate, SME, and microfinance services through a nationwide branch network. The state-backed lender focuses on financial inclusion, digital banking solutions, and supporting economic growth across the country. It is proceeding with a long-delayed IPO as part of Egypt's broader government initiative to monetize state assets through listings on the Egyptian Exchange. Privatization: Egypt's government is using the offering as part of its ongoing program to sell stakes in state-owned companies and broaden ownership in the banking sector. Market Activity: The share sale follows another recent major listing in Egypt and is testing investor appetite for new listings on the Egyptian Exchange. Investor Interest: The IPO has drawn commitments from international investors including firms based in the UK, UAE, and Africa, signaling renewed foreign interest in Egyptian assets.