Egypt Plans Misr Life Insurance IPO This June

The listing of Misr Life Insurance Company is scheduled for completion by June, as part of Egypt’s ongoing state asset offering programme, according to Mohamed Farid Saleh, Minister of Investment and Foreign Trade.

In an interview, the minister said the names of the investment banks managing the offering will be announced within the coming days. He added that the listing of Banque du Caire is next in the pipeline, to be coordinated with the Central Bank of Egypt.

Misr Life is owned by Misr Insurance Holding Company, while Banque du Caire is a subsidiary of Banque Misr.

The listings form part of a broader strategy to bring state-owned assets to market, with financial sector offerings leading the near-term pipeline.

In the second half of the year, plans include the potential listing of one or two companies from a group of six firms previously affiliated with the Ministry of Public Business Sector. These companies operate across sectors including ferroalloys, glass, mining and cement products, and have been temporarily listed on the Egyptian Exchange.

The programme follows the establishment of the State-Owned Enterprises Unit in late 2025 to assess and organise public assets.

Changes to the role of the Sovereign Fund of Egypt have also reshaped the process, with the fund no longer directly involved in divestment transactions after its affiliation was transferred to the Cabinet in 2024.

The near-term focus remains on finalising the Misr Life offering, followed by the sequencing of Banque du Caire and additional listings as part of the state’s ongoing IPO pipeline.