The Ministry of Investment: The Sovereign Fund of Egypt invites investment banks to submit technical and financial proposals to lead the offering of up to 20% of Misr Life Insurance Company.
The Ministry of Investment and Foreign Trade and the Egyptian Sovereign Fund announce that Misr Life Insurance Company—owned by Misr Holding Company for Insurance, which is affiliated with the Fund—has submitted a request to fully list its shares on the Egyptian Exchange. This step is in preparation for offering a minority stake of up to 20% of the company’s capital, as part of efforts to advance the privatization program, enhance the role of the private sector in economic activity, improve efficiency and competitiveness, and consolidate the principles of governance and sustainability in support of Egypt’s vision for comprehensive development.
In this context, The Sovereign Fund of Egypt invites investment banks and specialized financial institutions to submit technical and financial proposals to act as financial advisor and global coordinator for the proposed offering of up to 20% of the company’s share capital. The selection will be conducted through a competitive process to appoint an investment bank with the requisite expertise, track record, and execution capabilities to lead the transaction in line with international best practices.
The offering is aligned with the strategic objective of deepening private sector participation, enhancing the efficiency of state asset management, and creating compelling investment opportunities within the insurance sector, one of the cornerstone sectors of the Egyptian economy.
Misr Life Insurance holds a 22% share of Egypt’s life insurance market. As of September 2025, shareholders’ equity stood at approximately EGP 42 billion, supported by sustained growth in profitability, reflecting the company’s strong financial position and operational excellence.
The objective of this process is to appoint an experienced Investment Bank to efficiently lead and market the transaction, including managing the marketing process, conducting the book-building exercise, and coordinating with local and international investors, within a transaction structure designed to ensure optimal market positioning and maximize value for all stakeholders.
The technical proposal must be submitted by an entity holding valid licenses from the relevant regulatory authorities and must demonstrate a proven track record in capital markets transactions and M&A deals in the insurance and financial services sectors over the past five years.
The proposal should include an analytical view of the insurance sector, a preliminary valuation range along with the proposed valuation methodologies, a clear execution and marketing strategy, an initial list of potential investors, a preliminary assessment of the optimal transaction structure, and detailed profiles of the proposed transaction team highlighting their relevant experience.
Interested investment banks are requested to submit a company profile and relevant credentials to:
mli-ibrfp@sovfundegypt.com
no later than 8 March 2026, for an initial internal review prior to proceeding further in the process.
Shortlisted parties will be contacted to undertake the next steps, including the execution of a Non-Disclosure Agreement (NDA) as a prerequisite for participation and access to detailed company information, enabling the submission of a comprehensive technical and financial proposal no later than 18 March 2026.
Submission of the introductory profile does not constitute automatic acceptance or final qualification to participate in the process, nor does it necessarily result in the issuance of an NDA. All interested parties must comply with the terms and requirements set out in this announcement.