MP Soheir Kareem: Banque du Caire IPO Gives Strong Impetus to Economic Reform and Sends Confidence Signal to Investors

Monday 2 November 2026 12:07

MP Soheir Kareem affirmed that the commencement of trading Banque du Caire shares on the Egyptian Exchange (EGX) marks a practical step toward implementing the State Ownership Policy, demonstrating the government's serious commitment to expanding private sector participation in the economy.

Attractiveness of the Egyptian Capital Market

The lawmaker highlighted that generating over EGP 36.3 billion from offering a 45% stake—valuing the bank at EGP 80.8 billion—underscores the capital market's capacity to attract local and foreign investment into national institutions despite global economic volatility.

Moving from Strategy to Execution

Kareem commended Prime Minister Dr. Moustafa Madbouly's commitment to advancing the IPO program, noting that shifting from planning to actual execution reinforces business community confidence in Egypt's economic trajectory.

Fair Valuation and Maximizing Economic Value

She emphasized that the ultimate goal of the State Ownership Policy goes beyond floating assets to maximizing their value and turning them into real engines of growth, stressing the need for strict governance, transparency, and fair valuations to deepen the market and create