Gadaa Bank Launches 1-Million Share Issuance Following ECMA Approval
TL;DR
Gadaa Bank has opened a public offering for one million shares priced at 1,050 birr each to fund its digital banking expansion. The subscription period runs from June 30, 2026, to September 27, 2026.
Gadaa Bank S.C. has officially launched a public offering of one million ordinary shares following regulatory approval from the Ethiopian Capital Market Authority. The bank, which recorded a pre-tax profit exceeding 1 billion birr in the last fiscal year, is seeking to raise capital to support its digital banking infrastructure.
The shares are priced at 1,050 birr per unit. The bank stated that this pricing strategy is intended to broaden its retail investor base and increase equity ownership.
To manage the transaction, Gadaa Bank has partnered with a syndicate of licensed brokerage firms. The participating firms include:
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- Gadaa Securities Dealer
- CBE Capital
- Awash Capital
- Wegagen Capital Investment Bank
The share subscription window opened on June 30, 2026, and is scheduled to remain open until September 27, 2026. The announcement was made jointly by Wolde Bulto, CEO of Gadaa Bank, and Tilahun Esmael, CEO of the Ethiopian Securities Exchange.
Gadaa Bank enters this capital raise following a period of growth that saw its total asset base reach 16.54 billion birr.
Source: Capital
