The Egyptian Stock Exchange (EGX) marked a significant milestone on Tuesday, July 22, 2025, with the commencement of trading for Bonyan Development and Trade Company shares at an opening price of EGP 4.96 per share.
This follows the successful conclusion of both public and private offerings totaling 362.9 million shares, valued at approximately EGP 1.8 billion.
The private placement segment proved especially popular, with 344.8 million shares offered and a coverage rate of 6.88 times, allocated among 561 investors through 18 brokerage firms.
Meanwhile, the public offering attracted overwhelming interest, with 18.1 million shares oversubscribed at a coverage rate of 33.7 times and distributed to 15,824 clients across 94 brokerage firms.
The total offerings were eagerly snapped up by 16,385 investors, illustrating strong confidence in Bonyan’s market prospects. The private placement tranche closed on July 13 with 2.37 billion shares requested from 604 clients via 32 brokerage firms, while the public offering application period ended on July 16 with applications reaching 611.65 million shares from 15,824 investors.
In a notable operational achievement, the EGX’s IT department rolled out a newly developed system to manage private offering allocations efficiently through the Private Procurement (OPR) platform, ensuring compliance with the prospectus terms. This innovative tool facilitated rapid processing across all brokerage firms involved.
Additionally, the exchange swiftly refunded excess funds to investors the day after the public offering closed, a process made seamless by close coordination between the EGX, Misr for Central Clearing, Depository and Registry, and participating banks. This rapid reimbursement helped maintain investor trust and operational transparency.
With the Bonyan listing, the Egyptian Stock Exchange continues to demonstrate its growing maturity and capacity to manage complex offerings, further solidifying Egypt’s position as a dynamic hub for capital market activity in the region.
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