{"id":637409,"date":"2017-11-15T04:14:04","date_gmt":"2017-11-15T04:14:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/banque-du-caire-ipo-expected-in-1h-2018\/"},"modified":"2017-11-15T04:14:04","modified_gmt":"2017-11-15T04:14:04","slug":"banque-du-caire-ipo-expected-in-1h-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/banque-du-caire-ipo-expected-in-1h-2018\/","title":{"rendered":"Banque du Caire IPO expected in 1H 2018"},"content":{"rendered":"

<\/a> IPO WATCH- EFG Hermes expects Banque du Caire to IPO in 1H2018<\/strong>, after the transaction was initially expected to take place last fall, Co-head of Investment Banking Mostafa Gad told AMAY<\/a>. Gad attributed the delay to what he called the many changes which impacted the banking sector this year, including the interest rate hikes and the board shake ups that took place earlier this fall<\/a>. The banking sector is looking more stable in 2018. Coupled with the drop in inflation and impact of the EGP float dissipating, 2018 would be a more opportune time for the listing of BdC and other companies as well, he added. Banque du Caire is expected to be the second transaction under the state\u2019s IPO program, after energy company Enppi.<\/p>\n

Speaking on the IPO of Dice Sport and Casual Wear IPO, whose shares began trading <\/strong>yesterday at EGP 22.6 per share<\/strong> according to Al Borsa<\/a>, Gad said that the retail offering 5.96x oversubscribed and institutional offering 3.1x oversubscribed. Twelve funds from Egypt, the US, UK, and Europe collectively acquired 75% of the company, according to Chairman and MD Nagy Toma<\/a>, who added that the company\u2019s current plans<\/a> involve increasing exports to 80% of output from a current 73% and expanding domestic presence with new branches to bring the total number up to 153 from 141. Dice shares popper 4.6% in their first day of trading.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- EFG Hermes expects Banque du Caire to IPO in 1H2018, after the transaction was initially expected to take place last fall, Co-head of Investment Banking Mostafa Gad told AMAY. Gad attributed the delay to what he called the many changes which impacted the banking sector this year, including the interest rate hikes and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637409","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dae7dc1a-71af-40d7-ad4d-b21d2b98ee41","order":"0","is_powered_by":true,"section_story_id":"93632b79-ea97-4d47-bf47-9c21be93b69a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637395],"teaser":"","voice_url":""},"yoast_head":"\nBanque du Caire IPO expected in 1H 2018 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/15\/banque-du-caire-ipo-expected-in-1h-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque du Caire IPO expected in 1H 2018\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- EFG Hermes expects Banque du Caire to IPO in 1H2018, after the transaction was initially expected to take place last fall, Co-head of Investment Banking Mostafa Gad told AMAY. 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He added that it was unlikely that the sale of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630786,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/banque-du-caire-ipo-will-not-take-place-before-4q2018\/","url_meta":{"origin":637409,"position":1},"title":"Banque du Caire IPO will not take place before 4Q2018","author":"enterpriseam admin","date":"1 March 2018","format":false,"excerpt":"IPO WATCH- Banque du Caire IPO will not take place before 4Q2018: \u201cWe expect to finalize the initial public offering of Banque du Caire in the fourth quarter of 2018 -- not before that,\u201d our friend Banque Misr Vice Chairman Akef El Maghraby tells Bloomberg in an interview. He added\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626094,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/30\/banque-du-caire-ipo-on-track-for-1q2019-bank-to-float-30-of-shares\/","url_meta":{"origin":637409,"position":2},"title":"Banque du Caire IPO on track for 1Q2019, bank to float 30% of shares","author":"enterpriseam admin","date":"30 August 2018","format":false,"excerpt":"IPO WATCH- The state-owned Banque du Caire (BdC) is still on track to float up to 30% of its shares in an initial public offering in early 2019, a senior bank official told Enterprise yesterday. Central Bank Governor Tarek Amer had said in April to expect BdC\u2019s IPO in late\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604612,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/international-financial-institutions-looking-at-banque-du-caire-ipo\/","url_meta":{"origin":637409,"position":3},"title":"International financial institutions looking at Banque du Caire IPO","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"IPO WATCH- Four international financial institutions are looking to buy stakes in Banque du Caire as soon as its IPO is announced, CEOTarek Fayed said on the sidelines of the Africa 2018 Forum in Sharm El Sheikh. Fayed said he expects the IPO to take place in 2019, but said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630704,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banque-du-caire-to-ipo-end-of-2018-or-early-2019-amer\/","url_meta":{"origin":637409,"position":4},"title":"Banque du Caire to IPO end of 2018 or early 2019 -Amer","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"IPO WATCH- Banque du Caire will IPO on the Egyptian Exchange by the end of 2018 or early 2019, according to CBE Governor Tarek Amer. Banque du Caire was widely expected to be the first company to list under the state\u2019s privatization program, which officials said will see shares from\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647956,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/banque-du-caire-ipo-timed-for-2018\/","url_meta":{"origin":637409,"position":5},"title":"Banque du Caire IPO timed for 2018","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"IPO WATCH- Egypt expects to raise as much as EGP 7.2 bn from the IPO of Banque du Caire by 2018, Reuters reports. Banque du Caire had planned to list its shares on the EGX in 1H2017 as part of the government\u2019s plan to list state-owned companies. Finance Vice Minister\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=637409"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637409\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637395"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637409"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637409"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}