Real estate operating company Bonyan set to go public on EGX by mid-2025

Cairo – January 23, 2025: The Egyptian Exchange (EGX) is set to witness its first real estate operating company listing by mid-2025, with real estate investment firm Bonyan announcing plans to go public in the first half of this year.

In a recent press release, Bonyan confirmed that it has received official approval from the EGX's listing committee to list its shares under the ticker symbol "BONY.CA."

The listing is contingent upon the completion of all regulatory requirements set by the Egyptian Financial Regulatory Authority and the EGX.

Last week, the EGX revealed that Bonyan’s listing request included the total value of the issued capital to be listed as EGP 1.654 billion with 1.654 billion shares, each having a par value of EGP 1.

Shamel Aboul Fadl, Executive Chairman of Bonyan, expressed enthusiasm about the approval, saying, “The listing reinforces our ambition to make real estate investing in Egypt as accessible, simple, and lucrative as possible for all, in line with global best practice”.

He also highlighted the company’s unique position as the first listed Real Estate Operating Company (REOC) in Egypt, offering investors exposure to both capital appreciation and rental yield.

The company has appointed a prestigious syndicate to manage the IPO, with CI Capital and Arqaam Capital serving as Joint Global Coordinators and Bookrunners, while Mubasher will act as placement agent. Matouk Bassiouny & Hennawy will serve as the issuer’s legal counsel.