Cairo – Mubasher: Independent real estate investment company Bonyan has received approval to list on the Egyptian Exchange (EGX) under the ticker symbol “BONY.CA”, according to an official statement.

Bonyan plans to proceed with the initial public offering (IPO) within the first half (H1) of 2025, subject to the completion of all regulatory requirements set forth by the Egyptian Financial Regulatory Authority (FRA) and the EGX.

Executive Chairman of Bonyan, Shamel Aboul Fadl, said: “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.”

Aboul Fadl added: “As the first listed Real Estate Operating Company (REOC) in Egypt offering exposure to capital appreciation and rental yield, the listing approval marks a key milestone for our company.”

Bonyan has mandated a top tier syndicate for the IPO with CI Capital and Arqaam Capital as Joint Global Coordinators and Bookrunners.

Financial services company Mubasher acts as a placement agent for the IPO, while Matouk Bassiouny & Hennawy acts as the issuer's legal counsel.

Bonyan remains committed to delivering on its vision for all its stakeholders while ensuring transparency and full communication throughout the process.