Matouk Bassiouny & Hennawy Advised Bonyan On EGP 1.8 Billion IPO And Listing On The Egyptian Exchange

Matouk Bassiouny & Hennawy Advised Bonyan on EGP 1.8 Billion IPO and Listing on the Egyptian Exchange

Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Bonyan for Development and Trade ("BONYAN"), a leading real estate investment company, on the successful initial public offering (IPO) and listing of its shares on the Egyptian Exchange (EGX) under the ticker BONY.CA.

Trading commenced on Tuesday at an opening price of EGP 4.96 per share, with the offering representing approximately 21% of Bonyan’s share capital. 95% of the shares were placed through a private placement to qualified institutional investors, and the remaining 5% offered to retail investors.

The IPO raised approximately EGP 1.8 billion, reflecting strong demand across both investor categories and marking a significant milestone in Bonyan’s strategic growth and long-term expansion plans.

The MBH team advising on the transaction was led by Mohamed Abdelfattah (Partner and Head of Capital Markets) and included Mohamed Galal (Counsel), Mohamed Qabel (Senior Associate), Farid Ismail (Senior Associate), and Mohamed Hany (Associate).

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