Egypt’s sovereign fund invites banks for Misr Life Insurance’s 20% IPO

Egypt’s sovereign wealth fund on Wednesday invited investment banks and financial institutions to submit proposals to advise on the initial public offering of a 20 per cent stake in Misr Life Insurance, the Ministry of Investment said.

The Sovereign Fund of Egypt (TSFE) said it is seeking a bookrunner and underwriting advisor to lead the offering, manage marketing, build the order book, and coordinate with local and international investors. Bidders must be licensed, demonstrate relevant experience in capital markets and insurance-sector deals, and provide an analytical sector view, preliminary valuation, marketing strategy, and proposed team.

Misr Life Insurance holds about 22 per cent of Egypt’s life insurance market and had shareholders’ equity of roughly 42 billion Egyptian pounds as of September 2025.

Interested banks must submit initial profiles by 8 March, with shortlisted firms required to sign non-disclosure agreements and submit full technical and financial proposals by 18 March, according to a statement from the Ministry of Investment.

The offering follows approval on Tuesday by the Egyptian Exchange’s (EGX) listing committee for the temporary listing of Misr Life’s shares. The company is wholly owned by Misr Insurance Holding Company, which falls under TSFE.

The planned sale forms part of Egypt’s broader strategy to expand private sector participation, deepen capital markets and implement its State Ownership Policy.

Attribution: Amwal Al Ghad English