CI Capital and EFG Hermes

Money Moves

Completed advisory on the EGP 36.37 billion IPO; Banque du Caire shares began trading on November 2 and closed at EGP 5.31.

Banque du Caire sold 45% of itself for EGP 36.37 billion and began trading on the Egyptian Exchange on November 2, the largest public offering in the market's history. The shares closed their first session at EGP 5.31, up 0.19% from the EGP 5.30 offer price, after rising as high as EGP 5.68.

Updated Nov 2