- The Ministry continues its consistent efforts to broaden the ownership base of Misr Life Insurance Company through the Egyptian Exchange
- The invitation to investment banks and solicitation of proposals were conducted within a framework of transparency and equal opportunity, supported by an advertising campaign
- The Sovereign Fund received six proposals from local and international investment banks
- A specialized committee comprising experts from Misr Insurance Holding Company and Misr Life Insurance Company, under the supervision of the Sovereign Fund, evaluated the technical and financial proposals
- The selected investment bank expects the completion of procedures and the offering before the end of the second half of 2026
The technical committee, which included experts from Misr Insurance Holding Company and Misr Life Insurance Company, under the supervision of the Sovereign Fund of Egypt, has selected EFG Hermes as the investment bank to manage the offering of approximately 20% of the share capital of Misr Life Insurance Company on the Egyptian Exchange.
This comes in line with the vision of the Ministry of Investment and Foreign Trade and in integration with the Egyptian government’s objectives to enhance private sector participation in economic activity and broaden the ownership base of state-owned companies through the Egyptian Exchange, in accordance with the State Ownership Policy Document. This, in turn, contributes to enhancing the value of these assets, improving governance standards, strengthening financial and operational performance indicators, and deepening the capital market, as part of the government’s efforts to improve the competitiveness of the Egyptian economy and enhance its ability to attract more domestic and foreign investments.
The Sovereign Fund of Egypt had previously invited investment banks to submit their technical and financial proposals to undertake the promotion and underwriting of the offering of a share capital of Misr Life Insurance Company, which is owned by Misr Insurance Holding Company, affiliated with the Sovereign Fund.
The Sovereign Fund of Egypt published an advertisement in newspapers and on online platforms to solicit proposals from institutions interested in competing for the offering of a share capital in Misr Life Insurance Company, in order to ensure equal opportunities and greater transparency among all interested entities, thereby guaranteeing implementation in line with best practices.
In a response that reflects institutional confidence in the Egyptian investment climate, the Sovereign Fund received around six proposals from several local and international investment banks interested in managing the promotion and underwriting process.
To ensure the highest levels of transparency and efficiency, a specialized committee was formed comprising experts from the Board of Directors of Misr Insurance Holding Company and Misr Life Insurance Company, under the supervision of the Sovereign Fund, to study, analyze, and evaluate the submitted proposals from both technical and financial perspectives.
The evaluation process, based on the recommendations of the technical committee, resulted in the selection of EFG Hermes as the investment bank to manage the offering. The targeted timeline for completing the offering is before the end of the second half of the current year, according to the investment bank’s estimates.
Misr Life Insurance Company is considered one of the leading entities in its sector. Established in 1900, it holds a market share of approximately 22% of the life insurance premiums market in Egypt. Its shareholders’ equity reached around EGP 42 billion as of September 2025, supported by sustained growth in the company’s profits, reflecting the strength of its financial position and the robustness of its operational performance.
The evaluation process included a series of intensive meetings with the participating investment banks, during which all aspects of the proposals were thoroughly discussed, with the application of a structured evaluation framework based on a set of defined technical and financial criteria.
The technical criteria included the investment bank’s experience in capital markets, its familiarity with the insurance sector in Egypt, its understanding of the company’s operations and the proposed offering strategy, as well as the efficiency and practical experience of the proposed team.
As for the financial evaluation, it focused on the fee structure, including success fees and any other costs associated with executing the transaction.
