Bonyan Plans to List via IPO on Egyptian Exchange in Q2
TLDR
- Bonyan for Development and Trade plans to proceed with an initial public offering (IPO) on the Egyptian Exchange (EGX) in Q2 2025
- The IPO will comprise a secondary sale of up to 551.33 million ordinary shares, representing 33.33% of the company’s share capital
- The offering will include both an institutional tranche for qualified investors and a retail tranche, priced equally
Bonyan for Development and Trade plans to proceed with an initial public offering (IPO) on the Egyptian Exchange (EGX) in Q2 2025, subject to regulatory approval and market conditions. The IPO will comprise a secondary sale of up to 551.33 million ordinary shares, representing 33.33% of the company’s share capital.
The offering will include both an institutional tranche for qualified investors and a retail tranche, priced equally. Sky Realty Holding Limited is the selling shareholder. Regulatory filings, including the Public Subscription Notice (PSN), are currently under review by Egypt’s Financial Regulatory Authority (FRA).
CI Capital Investment Banking and Arqaam Capital are acting as joint global coordinators and bookrunners. Mubasher Capital Holding will serve as the placement agent, and legal advisory is provided by Maatouk, Bassiouny, and Hennawy. Executive Chairman Shamel Aboul Fadl stated the listing will position Bonyan to capitalize on Egypt’s underpenetrated real estate investment market and enhance its growth strategy.
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Key Takeaways
Bonyan’s planned IPO aims to unlock new capital for expansion while offering public investors access to Egypt’s commercial real estate market. The offering marks one of the more notable IPOs in Egypt’s pipeline for 2025, potentially revitalizing local capital markets amid broader economic reform. By monetizing part of Sky Realty’s holdings, the transaction could also improve liquidity and float, critical for post-listing performance. If successful, Bonyan’s listing would support its ambitions to deepen its real estate footprint and strengthen its market-leading position in retail and commercial property development.
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