Banque du Caire’s IPO has been delayed again, with roadshows pushed to September

Banque du Caire’s (BdC) IPO is delayed again, with investor roadshows pushed to September or Oct ober and a new target to float by year-end

The regulatory and fair value work is done

The stake size remains unconfirmed. as much as 49%

Regional geopolitical tensions tied to the Iran war also drove the delay Arabic press a 2022 listing attempt

OUR TAKE- early-look roadshow

Privatization pipeline progress

The government’s goal to temporarily list 30 state-owned companies — including 10 petroleum companies — on the EGX by the end of June is running behind. four state-owned companies

Meanwhile, investment banks managing the Misr Life Ins. IPO are seeking a strategic investor and institutions to cover the private placement tranche. targets set

REMEMBER- USD 4.5 bn in privatization proceeds a critical benchmark