Latest news with #Bonyan
Zawya
2 days ago
- Business
- Zawya
CI Capital leads Bonyan's IPO on Egypt's EGX
Cairo – CI Capital Holding for Financial Investments has executed the EGP 1.80 billion initial public offering (IPO) of Bonyan for Development and Trade on the Egyptian Exchange (EGX), according to a press release. CI Capital acted as joint global coordinator and bookrunner, advising Bonyan on the transaction, which represented 22% of Bonyan's shares, amounting to 362.90 million shares. The offering was completed at EGP 4.96 per share, implying a market capitalization of EGP 8.20 billion at the opening bell. A total of 344.75 million shares were allocated to qualified institutional and high-net-worth investors in Egypt and abroad, with the remaining 18.14 million shares allocated to retail investors in Egypt. The Institutional book building closed on 13 July, generating around EGP 12 billion of demand, representing a coverage ratio of 6.88x. Meanwhile, the retail offering closed on 16 July, recording a coverage ratio of 33.7x. Total orders for the private and public offering of Bonyan crossed 2.98 billion shares, or EGP 15 billion in aggregate demand, implying a blended coverage ratio of 8.2x1. Amr Helal, CEO of the Investment Bank at CI Capital, commented: 'This latest transaction further strengthens CI Capital leadership role in raising capital across market cycles, having successfully concluded similar transactions with a total value exceeding EGP 14 billion in the past five years.'
Zawya
3 days ago
- Business
- Zawya
Egypt: Bonyan reports $8.5mln net profit in Q1 2025
Bonyan for Development and Trade ( recorded a net profit of EGP 417 million in the first quarter (Q1) of 2025, compared to EGP 568.2 million in the same period last year, as per an emailed press release. The company attributed the decrease to one-off IPO expenses, the postponement of sales, and lower FMV gains amid easing inflation. Rental and service charge revenues rose to EGP 158.9 million in Q1 2025, up by 51% from EGP 105.3 million in the same period last year. This increase was supported by contract renewals and annual contractual escalations. The company's gross asset value (GAV) reached EGP 16.6 billion in Q1 2025, compared to EGP 15.96 billion at the end of 2024, based on a valuation conducted by an independent Financial Regulatory Authority (FRA)-approved third party covering all 10 of its assets. Fair market value (FMV) gains amounted to EGP 526.2 million in Q1 2025, reflecting an increase in investment properties. This compares to EGP 685.8 million in Q1 2024, when inflation of 33.0%, versus 16.8% in Q1 2025, had a greater impact on valuations. Bonyan noted that its balance sheet excludes two assets totaling 15,066 square meters that are yet to be delivered. The company reported no sales revenues from retail units in Q1 2025, following management's decision to defer sales at the Walk of Cairo to allow for the repricing of its remaining inventory. In Q1 2024, sales revenues amounted to EGP 76.1 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Trading on Bonyan shares begins July 22 on EGX
Trading on Bonyan for Development and Trade ( began today, Tuesday, July 22nd, on the Egyptian Exchange (EGX) at an opening price of EGP 4.96 per share, within a price range of 40% up or down on the first trading day, with no suspension mechanism applied. The private offering of 344.8 million shares was executed at a coverage rate of 6.88 times and was allocated to 561 clients through 18 brokerage firms. Meanwhile, the public offering of 18.1 million shares was executed at a coverage rate of 33.7 times and was allocated to 15,824 clients through 94 brokerage firms. The total number of shares in the public and private offerings amounted to 362.9 million, allocated to 16,385 clients, for a total value of EGP 1.8 billion. Applications for the private offering tranche closed on Sunday, July 13th, with orders amounting to 2.37 billion shares submitted by 604 clients through 32 brokerage firms. The EGX's IT team succeeded for the first time in developing and utilizing a new system to meet the requirements of the offering manager for allocating private offering tranche requests. These were registered under the private procurement regulation (OPR) through all brokerage firms, in accordance with the terms and conditions set forth in the offering prospectus. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
CI Capital completes advisory on Bonyan's EGP 1.80bln initial public offering
Cairo: CI Capital Holding ( Egypt's leading diversified financial services group, announced the successful execution of the EGP 1.80 billion initial public offering (IPO) of Bonyan for Development and Trade ('Bonyan' or the 'Company'), a leading real estate investment company on the Egyptian Exchange. CI Capital acted as Joint Global Coordinator and Bookrunner, advising Bonyan on the transaction. The offering represented c. 22% of Bonyan's shares amounting to 362,903,226 shares, at a price of EGP 4.96 per share, implying a market capitalization at the opening bell of EGP 8,204mn. The offering included 344,758,065 shares allocated to qualified institutional and high net-worth investors in Egypt and abroad (the 'Institutional Offering'), while the public offering included 18,145,161 shares allocated to retail investors in Egypt (the 'Retail Offering'). The Institutional book building closed on July 13th, generating c. EGP 12.0 billion of demand, representing a coverage ratio of c. 6.88x [1], while the retail offering closed on July 16th, recording an exceptional coverage ratio of c. 33.7x. Accordingly, total orders for the private and public offering of Bonyan exceeded 2.98 billion shares, or EGP 15.0 billion in aggregate demand, implying a blended coverage ratio of 8.2x1. Following the conclusion of the offering, a closed subscription will take place, wherein the selling shareholder will subscribe to 50,403,226 newly issued ordinary shares (the 'Closed Subscription') at the Offer Price. 'The IPO of Bonyan is a testament to investors' appetite for novel business models and differentiated investment opportunities marking another step towards enhancing market breadth and depth and broadening investor participation.' Stated, Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital. 'This latest transaction further strengthens CI Capital leadership role in raising capital across market cycles, having successfully concluded similar transactions with a total value exceeding EGP 14bn in the past 5 years.' Added Amr. 'This landmark transaction highlights CI Capital's ECM capabilities, leveraging our comprehensive and well-integrated functions across the investment bank to deliver seamless deal execution to our IB clients. We are proud of our longstanding partnerships with leading institutional clients across the Egyptian market, and we remain committed to our collective growth and success, going forward." Stated, Adel Abbas, Investment Banking Executive Director at CI Capital. Bonyan is a pioneering, independent real estate investment firm dedicated to creating value through the strategic acquisition and active management of commercial assets. The Company offers an effective and efficient investment solution for institutions and individuals seeking exposure to the Egyptian real estate market. By providing access to a diversified, professionally managed commercial real estate portfolio, Bonyan enhances the benefits of real estate investment while mitigating associated risks. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments (Ticker: CICH EY, is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo, and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions, to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary, Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. Additionally, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 4,000 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets, and a deep understanding of local market dynamics. Banque Misr, one of Egypt and Africa's most renowned financial banks, is the majority shareholder of CI Capital Holding. For more information, please contact CI's Marcom Department Email: media@ Or visit us on social media:
Zawya
4 days ago
- Business
- Zawya
Egypt: Bonyan wraps up $36mln IPO on EGX
Arab Finance: Bonyan for Development and Trade has completed the implementation of its public and private share offering during today's trading session, Sunday, July 20th, 2025, as per a disclosure. The offering included around 362.903 million shares, representing 21.94% of the company's issued share capital, at a price of EGP 4.96 per share. The total value of the initial public offering (IPO), including both public and private offerings, reached EGP 1.8 billion. The offering was divided into two tranches. The first tranche, representing the public offering, comprised nearly 18.145 million shares, or 5% of the total offering representing 1.10% of Bonyan's total issued shares, at a value of EGP 89.999 million. The second tranche, marking the private offering, included about 344.758 million shares, or 95% of the total offering, which made up 20.84% of the company's total issued shares, valued at EGP 1,710 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
