Misr Insurance plans IPO for life arm in H2/2022

Egyptian state-owned Misr Insurance Holding (MIHC) plans to offer 25 percent of shares in its Misr Life Insurance in a public offering (IPO) in the second half of 2022, chairman Basel El Hini told local press on Sunday.

El Hini said in previous statements that the IPO would take place by the end of this year or early next year, but cautioned that the date of the IPO would change depending on market conditions and advisors’ vision.

In April, MIHC signed an agreement with NI Capital to advise on the share sale of Misr Life on the Egyptian stock exchange (EGX).

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