Gadaa Bank S.C. has launched a public offering of one million ordinary shares following regulatory clearance. The bank is partnering with several investment firms to facilitate the issuance priced at 1,050 birr per share. The subscription window opened on June 30, 2026, and will close on September 27, 2026.
Gadaa Bank S.C. announced the share offering in a joint statement with the Ethiopian Securities Exchange. The bank’s CEO Wolde Bulto and ESX CEO Tilahun Esmael confirmed regulatory clearance from the Ethiopian Capital Market Authority. The bank is working with a syndicate of brokerage firms including Gadaa Securities Dealer, CBE Capital, Awash Capital, and Wegagen Capital Investment Bank.
The shares are priced at 1,050 birr each to broaden access for retail investors. Proceeds will fund expansion of the bank’s digital banking infrastructure. This follows a strong fiscal year in which Gadaa Bank recorded pre-tax profit above 1 billion birr and grew its total assets to 16.54 billion birr.
The subscription period began June 30, 2026, and remains open through September 27, 2026.