The Ministry of Investment and Foreign Trade and The Sovereign Fund of Egypt have invited investment banks to manage the private placement and IPO of a stake of up to 20% in Misr Life Insurance, the country's biggest life insurer.
This strategic move, part of the State Ownership Policy, aims to expand the ownership base and attract institutional capital into Egypt’s vital insurance sector, where the state-owned company currently holds a dominant 22% market share.
The offering targets firms with deep connectivity in capital markets and a proven track record in financial services M&A.
The move to appoint a manager to lead the promotion and underwriting of the offering follows the Egyptian Exchange (EGX) listing committee’s approval of a temporary listing for the company’s shares. Misr Life Insurance is wholly owned by the Misr Insurance Holding Company, which is held by the sovereign fund.
The selected investment bank will be responsible for leading and marketing the offering, managing the book-building process, and coordinating with local and international investors to achieve the best value for the transaction. Bidders must provide a preliminary list of potential investors, a proposed transaction structure, and the resumes of the proposed team members.
Final comprehensive technical and financial bids must then be submitted by 18 March 2026.