EGX sees EGP1.8b listing of Bonyan 

The Egyptian Exchange (EGX) has completed a new listing worth 1.8 billion Egyptian pounds ($37.6 million) for Bonyan for Development and Trade (BONY.CA), amid strong demand from institutional and retail investors.

The offering included a private placement of 344.8 million shares, which was oversubscribed 6.88 times and allocated to 561 investors through 18 brokerage firms. A public offering of 18.1 million shares was covered 33.7 times, with 15,824 investors participating via 94 brokerages.

EGX Chairman Ahmed El Sheikh stated that the bourse continues to facilitate listing procedures by offering innovative technological solutions to support new offerings. He reaffirmed EGX’s readiness to accommodate further listings from both the public and private sectors.

El Sheikh added that EGX remains committed to attracting serious and growth-oriented companies, expanding financial instruments, and enhancing the market’s appeal to both local and international investors, in line with national efforts to boost the role of capital markets in driving economic growth.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama