EFG Hermes Appointed to Lead 20% IPO of Misr Life Insurance
Egypt is preparing a partial public offering of its state-owned life insurer on the Egyptian Exchange.
EFG Hermes, one of the region’s largest financial services firms specialising in investment banking and capital markets, has been selected to manage the planned sale of around 20% of Misr Life Insurance, Egypt's state-owned life insurance providers, on the Egyptian Exchange, according to the Egyptian Cabinet.
The appointment followed a competitive selection process overseen by the Sovereign Fund of Egypt, with a technical committee formed from Misr Insurance Holding Company and Misr Life Insurance. The committee reviewed approximately six bids submitted by local and international financial institutions.
Proposals were evaluated based on experience in capital markets, familiarity with Egypt’s insurance sector, understanding of the company’s business model and IPO strategy, and proposed fee structures. EFG Hermes was selected based on these criteria, with execution targeted before the end of the second half of 2026.
Established in 1900, Misr Life Insurance holds an estimated 22% share of Egypt’s life insurance market by premiums and reported shareholders’ equity of around EGP 42 billion as of September 2025.
The offering forms part of a broader government programme to expand private sector participation and widen ownership of state-owned companies through the stock market, in line with the State Ownership Policy framework. The initiative also aims to strengthen governance and deepen Egypt’s capital market.
Misr Life Insurance remains in a pre-listing stage ahead of full trading on the exchange, as preparations for the offering continue.
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