The Egyptian Exchange (EGX) announces the successful execution of the public and private offerings of Bonyan for Development and Trade (Ticker: BONY.CA) on Sunday, 20 July 2025, as follows:
- Private offering: A total of 344.8 million shares were allocated with a coverage ratio of 6.88x, distributed among 561 investors through 18 brokerage firms.
- Public offering: A total of 18.1 million shares were allocated with a coverage ratio of 33.7x, distributed among 15,824 investors through 94 brokerage firms.
- Total offering size: The combined volume of the public and private offerings reached 362.9 million shares, allocated to 16,385 investors, with a total offering value of EGP 1.8 billion.
Subscription window for the private offering/ placement closed on Sunday, 13 July 2025, receiving orders for 2.37 billion shares from 604 investors via 32 brokerage firms.
The public offering closed on Wednesday, 16 July 2025, receiving orders for 611.65 million shares from 15,824 investors through 94 brokerage firms.
In coordination with Misr for Central Clearing, Depository and Registry (MCDR), EGX successfully ensured refunding of surplus subscription funds, related to the public offering, on Thursday, 17 July 2025 - the next business day following the end of the subscription period on 16 July. This was achieved through active coordination with clearing banks to verify account balances and ensure full cash coverage with no discrepancies, enabling an accurate and expedited refund process.
It is also noteworthy that EGX’s IT Department successfully developed and implemented -for the first time- a new system tailored to meet the requirements of managing the allocation process for the private placement orders submitted via the Special Transactions Market (OPR). The system allowed seamless order registration through all participating brokerage firms, in accordance with the offering prospectus.
Such execution builds on EGX’s continued success in developing the OPR system to enable order registration for private placements by all brokerage firms. This marks the third consecutive successful application of the enhanced OPR system following its implementation in the offerings of Act Financial Consulting and The United Bank.
