Egyptian Financial Regulatory Authority (FRA)

Money Moves

Approved the prospectus on October 18 and the 45% upsizing on October 22; Banque du Caire shares began trading on November 2.

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