Ministry of Investment and Foreign Trade: The Sovereign Fund of Egypt Invites Investment Banks to Submit Technical and Financial Proposals to Manage the Offering of a 20% Stake in Misr Life Insurance Company

Proceeding with the listing and offering aligns with the government’s vision to accelerate the IPO program and implement the State Ownership Policy Document.

The offering represents a step toward deepening private sector participation, enhancing asset management efficiency, and creating attractive investment opportunities in the insurance sector.

As part of implementing the State Ownership Policy Document, broadening the ownership base of state-owned companies, accelerating the IPO program, and strengthening the role of the private sector in economic activity—thereby enhancing efficiency, competitiveness, governance principles, and sustainability in support of Egypt’s comprehensive development vision—the Sovereign Fund of Egypt invites investment banks and specialized financial institutions to submit their technical and financial proposals to undertake the role of bookrunner and underwriter for the offering of a stake of up to 20%, through a competitive process to select an experienced and qualified advisor to lead the transaction in accordance with international best practices.

This follows the announcement by the Ministry of Investment and Foreign Trade and the Sovereign Fund of Egypt regarding the approval by the listing committee of the Egyptian Exchange for the temporary listing of shares of Misr Life Insurance Company—wholly owned by Misr Insurance Holding Company, an affiliate of the Fund—on the Egyptian Exchange, in preparation for offering a minority stake of up to 20% of the company’s share capital.

The offering comes in line with strategic directions aimed at deepening private sector participation to enhance asset management efficiency and create attractive investment opportunities in the insurance sector, one of the vital sectors of the Egyptian economy.

Misr Life Insurance Company holds an estimated 22% market share of the life insurance market in Egypt. Shareholders’ equity reached approximately EGP 42 billion as of September 2025, supported by continued profit growth, reflecting the company’s strong financial position and solid operational performance.

This process aims to appoint an experienced bookrunner and underwriter to efficiently lead and market the offering, including managing the marketing process, book-building, and coordinating with local and international investors, within a transaction structure that maximizes value creation.

The technical proposal must be submitted by an entity holding valid licenses from the competent regulatory authorities and must include relevant track records in capital markets transactions and mergers and acquisitions in the insurance and financial services sectors over the past five years.

The proposal should also include an analytical view of the insurance sector, a preliminary valuation range for the company and proposed valuation methodologies, a clear execution and marketing strategy, an initial list of potential investors, a preliminary proposal for the optimal transaction structure, and details of the proposed team composition along with their CVs and relevant experience.

Interested investment banks are required to send a company profile and relevant track record to the following email address:

mli-ibrfp@sovfundegypt.com

no later than 8 March 2026, for initial internal review prior to proceeding with the process.

If an applicant is preliminarily accepted, it will be contacted to take the next steps, including signing a Non-Disclosure Agreement (NDA) as a prerequisite for participation and obtaining access to detailed company information, enabling the submission of a comprehensive technical and financial proposal no later than 18 March 2026.

Please note that submitting a company profile does not constitute automatic acceptance or final qualification to participate in the process, nor does it necessarily entail the issuance of an NDA. All interested parties must comply with the terms and requirements set out in this announcement.