Proceeding with the listing and offering procedures aligns with the government's vision to accelerate the pace of IPOs and implements the State Ownership Policy document.
The offering is a step towards deepening private sector participation, aiming to enhance asset management efficiency and create attractive investment opportunities in the insurance sector.
In line with the implementation of the State Ownership Policy Document, expanding the ownership base of state-owned enterprises, and working to accelerate the pace of the IPO Program and enhance the role of the private sector in economic activity in a way that contributes to raising efficiency and competitiveness and consolidating the principles of governance and sustainability in support of Egypt’s vision to achieve comprehensive development, TSFE invites investment banks and specialized financial institutions to submit their technical and financial offers to undertake the tasks of the promotion and underwriting company for offering the stake of up to 20%, within the framework of a competitive process to select an advisor with experience and competence to lead the offering process in accordance with best international practices.
This comes after the Ministry of Investment and Foreign Trade and the Sovereign Fund of Egypt announced Listing Committee’s approval of the Egypt Stock Exchange (EGX) to list the shares of Misr Life Insurance Company – wholly owned by Misr Insurance Holding Company, which is affiliated with the Sovereign Fund – on a temporary basis on the EGX, in preparation for offering a minority stake of up to 20% of the company’s capital.
The offering comes in light of strategic directions aimed at deepening the participation of the private sector with the goal of enhancing the efficiency of asset management and creating attractive investment opportunities in the Insurance Sector, one of the vital sectors of the Egyptian economy.
Misr Life Insurance holds an approximate 22% share of the life insurance market in Egypt. Shareholders’ equity reached EGP 42bn in September 2025, supported by profit growth and operational performance.
This process aims to select an experienced underwriting and promotion company to efficiently lead and market the offering, including managing the marketing process, the book building process, and coordinating with local and international investors, achieve the best value for the transaction.
Technical proposals must be licensed by relevant regulatory authorities and demonstrate a track record in capital markets, mergers, and acquisitions within the insurance and financial services sectors over the past five years. The proposals are required to include an analytical view of the insurance sector, an initial valuation of the company, proposed valuation methodologies, and a marketing strategy, a preliminary list of potential investors, a proposed transaction structure, and the resumes of the proposed team members.
Interested investment banks must submit an introductory profile and their track record to mli-ibrfp@sovfundegypt.com by March 8, 2026, for an initial internal review.
Following preliminary acceptance, the fund will contact qualified parties to sign a non-disclosure agreement (NDA) as a prerequisite for receiving detailed company information. Final comprehensive technical and financial bids must then be submitted by March 18, 2026.
It is noted that the submission of an introductory profile does not constitute automatic acceptance or final qualification for the process. All participating entities must adhere to the conditions and requirements specified in the announcement.
