Latest in Highlight
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CI Capital reports 128% hike in 9-month profit as revenues accelerate
Company’s profit after taxes, minority interest, increased by 2.3 times
Egypt signs agreement with CI Capital, Jefferies bank, Emirates NBD to manage ENPPI’s IPO
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017
CI Capital revenues grow by 46% y-o-y to record EGP 1.1bn in H1 calendar year 2018
CI Capital Holding financial services group, achieved total revenues of EGP 1.1bn, an increase of 46% from EGP 778m in the prior year, in the first six months (H1) of the calendar year (CY) 2018, according to a press statement issued on Wednesday. According to the consolidated financial results, the group’s net operating profits reached …
CI Capital raises EGP 1.7bn in IPO on EGX, will launch trading on Monday
Investment bank said it aims to raise EGP 1.7bn
CI Capital announces plans for IPO by Q2 2018 as it mulls expansion
Company will use proceeds to expand existing businesses
CI Capital intends to list 43.6% of its capital on EGX
CI Capital announced on a press statement on Thursday that it plans to list a 43.6% stake of its capital, which is equivalent to 246.9m shares on the Egyptian Exchange (EGX) through an initial public offering (IPO) in the second quarter (Q2)of 2018. Furthermore, the offering will consist of a secondary sale of shares by …
Egypt business environment improving: CI Capital
Company considers IPO to raise capital for further expansion
CI Capital acquires Reefy for EGP 400m
Baker McKenzie is legal adviser to buyer
CI Capital advises on EGP 1.47 bn acquisition of NCMP by Cairo 3A for international industries
The transaction is the bank’s second ECM, and the fifth closing in 2017
CI Capital and Al Rajhi Capital sign brokerage agreement
The deal compliments CI Capital’s expansion strategy in the region
CI Capital acquires majority stake in Reefy
CI Capital recently announced the acquisition of an additional stake, bringing its total stake to 86% in Corplease
Investors welcome economic reforms in Egypt: CI Capital
CI Capital arranged one-on-one investor meetings for the Egyptian Finance Minister Amr El-Garhy in London on 26 April. Several meetings were held and attended by El-Garhy, alongside global fund managers who manage assets totalling $3.7tn. CI Capital stated that the positive outlook of investors on Egypt was strengthened by the economic reforms currently undertaken, illustrating the …
Actis sells its remaining stake in Edita after a four-year partnership
Despite the end of the partnership, both sides consider it a success story
CIB sells 74.7% of CI Capital’s shares worth EGP 710m
CI Capital plans to increase its capital and offer the company on the stock market in Q4
EFSA approves deal to sell CI Capital to Arab and Egyptian investors
This comes after the deal of selling CI Capital Holding to Naguib Sawiris failed
Global institutions covered 60% of Obourland IPO: CI Capital
The company refused to lower the offering price below the fair value, say sources close to the offering
CI Capital promotes offer for Obourland on stock exchange in 5 global markets
The markets include the US, England, South Africa, Saudi Arabia, and Emirates—Dubai and Abu Dhabi in particular
CI Capital deal moves EGX towards historic level to reach 12,000 points: analysts
Technical analysts predicted that the deal would push CIB shares towards EGP 73-74
CIB retains 28% of CI Capital to ensure impact on company management: sources
The share ensures that the interests of the bank and CI Capital are preserved
CIB negotiates with investors to sell part of stake in CI Capital
Naguib Sawiris not directly or indirectly included in negotiations
IMF agreement to pave way for economic reform: CI Capital deputy CEO
Another devaluation of the Egyptian pound will be necessary to reflect its true value post-IMF deal
The government’s intransigence is the reason for the failure to acquire CI Capital: Beltone’s legal adviser
The violations of the main shareholder will not hinder Beltone’s acquisition of Reefy and Arab Finance, says Sherif Samy
Beltone acquisition of CI Capital falls apart
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
Beltone – CI Capital deal fails
The contract has not been renewed and the down payment was repaid to Beltone, says CIB
EFSA postpones its decision in Beltone-CI Capital acquisition deal, pending resolutions on CIB case and Sawiris violation
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
EFSA postpones its decision in Beltone-CI Capital acquisition deal
Head of the EFSA Sherif Samy said that the authority is reviewing the documentation provided by OTMT on the transfer of ownership of a controlling stake to another shareholder, which obligates Sawiris to make a compulsory tender offer to buy the rest of the shares.
Orascom seeks to complete acquisition of CI Capital
Orascom has not yet reached the reconciliation phase
CIB wins court judgment to sell CI Capital
The Cassation Court ruled in Commercial International Bank-Egypt’s (CIB) favour in its a legal dispute with the shareholders of CI Capital, 99.98% of whose shares the bank now owns, according to press statement on Thursday. The statement said that the judgement allows CIB-Egypt to proceed with the completion of a deal to sell CI Capital …
In Cartoon: Sawiris and Tarek Amer fight
Sawiris and Tarek Amer fight: flashback to previous battles with the state?
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital