Arab Finance: Banque du Caire completed its public and private share offering during the October 29 trading session, selling 45% of its issued share capital for EGP 36.371 billion, as per a disclosure.

The transaction comprised nearly 6.862 billion shares priced at EGP 5.30 each, split between two tranches. The private placement accounted for nearly 6.519 billion shares, representing 95% of the offering and 42.75% of the bank’s issued capital.

Meanwhile, the public offering involved the remaining 343.125 million shares, equivalent to 5% of the total offering and 2.25% of issued share capital.

Misr for Central Clearing, Depository and Registry (MCDR) said subscription funds exceeding investors’ final allocations would be made available in brokerage firms’ settlement accounts at clearing banks on the morning of October 29.