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The company was informed of the decision via letter from the Financial Regulatory Authority (FRA). Souhoola is subject to Law No 18 of 2020.
Bank purchases about 14m shares worth approximately EGP 58.1m
The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
In a related context, Madany said the size of the consumer finance market in Egypt is about EGP 15bn annually, while the informal market is much bigger.
The company’s total revenue reached EGP 2.6bn in 2019, up 39.2% YoY, with an NBFS contribution of 83.3%.
Total revenues reached EGP2.6bn growing 39.2% YoY
Group has EGP 9.2bn assets under management
The CBE is speculated to pump 50% of the expected liquidity during 1Q2020, while it will maintain interest rates during the remainder of this year.
CBE to keep rates on hold in November, December
CI Capital and its co-investors acquired Taaleem through a newly established investment vehicle, “EGY EDU Invest BV,” which is controlled by CI Capital
Company achieves net profit of EGP 207.7m in this period, up 39% y-o-y
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
The Best Equity Fund for its 3 Years Cumulative Performance in 2019
The Best Equity Fund for its 3 and 5 Years Cumulative Performance in the MENA Region – 2019
CI Capital’s securities brokerage and trading arm, the Commercial International Brokerage Co (CIBC), has launched its new trading platform ‘Mahfazty’ which offers its clients a wide range of brokerage services, including real-time market watch, instant market updates, and live portfolio management to enable them to make well-placed decisions at suitable time. Ahmed Abdellatif – the …
We aim at regional expansion, yet depend on available opportunities, says MD
‘Thabat Fund’ achieved highest cumulative returns in Egyptian Market in 2018 with 20.80%
Company’s profit after taxes, minority interest, increased by 2.3 times
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017
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 …
Investment bank said it aims to raise EGP 1.7bn
Company will use proceeds to expand existing businesses
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 …
Company considers IPO to raise capital for further expansion
Baker McKenzie is legal adviser to buyer
The transaction is the bank’s second ECM, and the fifth closing in 2017
The deal compliments CI Capital’s expansion strategy in the region
CI Capital recently announced the acquisition of an additional stake, bringing its total stake to 86% in Corplease
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 …