Latest in Tag: CI Capital Highlight
Latest in Tag: CI Capital
CI Capital’s revenues reach EGP 2.5bn in Q3 2022
“CI Capital continued to lead the market across key performance indicators,” said CI Capital’s Chairperson Mahmoud Attalla, adding that “the group delivered an industry-leading return on average equity, strong profitability, and retained well-established market shares across its lines of business.”
CI Capital successfully concludes first securitized bond issuance worth EGP 202m
The issuance comes in three tranches, the first valued at EGP 62.2m with a tenure of six months at a P1 rating from Middle East Ratings and Investor Services (MERIS) — the highest credit rating.
CI Capital expects high activity in secondary debt market
The company closed conclusion of two securitization bond issuances, on behalf of Tamweel Securitization Company – the originator of Tamweel Mortgage’s Portfolio – and on behalf of GlobalCorp Securitization Company, the originator of GlobalCorp Financial Services’ Portfolio, with an aggregate value of EGP 2.882bn.
CI Capital records EGP 1.6bn revenues in 1H 2022
Company’s net profits after tax and minority interest nearly doubled y-o-y to EGP 341m
Amr Helal joins CI Capital as Sell-Side CEO of its investment bank
The new CEO will assume oversight of the group’s investment banking, securities brokerage, and equity research lines of business.
CI Capital’s financing portfolio jumps to EGP 13.5bn
The company’s total revenues also jumped during the first three months of this year by 36% to record EGP 763m, compared to 1Q 2021’s EGP 559.6m, while non-banking financial activities contributed about 82% of the revenues.
CI Capital’s net profit records 44% growth in 2021
These figures came in a report CI Capital released on Wednesday detailing its consolidated results for FY2021.
CI Capital plans to launch factoring services in 2022
CI Capital has solid year in terms of advisory business during 2021, with closed deals north of $1.6bn
Badran, Tantawy resign from CI Capital, Gohar appointed as Group CEO
Resigned board members will continue to carry out their duties until 20 May
Banque Misr tender offer for CI Capital receives strong shareholder interest
The tender offer, which closed on Thursday, was 1.1x oversubscribed, with shareholders agreeing to sell some 720.8 million shares. This comes in at equivalent to 72% of CI Capital shares, and more than the 65% stake targeted by Banque Misr.
CI Capital’s Taaleem for education management to conclude IPO by H1 2021 end
Taaleem reported EBITDA margin north of 50%, while being cash rich, debt free in FY 2019/20
Banque Misr submits tender offer to acquire 90% stake in CI Capital
News of Banque Misr’s intention to acquire further shares in CI Capital pushed company’s stock to its highest level in 8 months
TMG pays EGP 44bn for Capital Gardens City’s land value in 2021: CI Capital
CI Capital expects project’s housing unit sales would record about EGP 826bn
CI Capital’s Taaleem to conclude IPO in H1 of 2021
Taaleem reports EBITDA of over 50% in FY 2019/20
CI Capital concludes securitisation bond offering worth EGP 2.7bn
CI Capital Holding for Financial Investments has announced that its leasing arm, Corplease, has completed its 10th securitisation bond issuance, at a value of EGP 2.7bn. In a statement to the Egyptian Exchange (EGX) on Monday, the company said that the proceeds from the transaction will be used to deleverage the company’s balance sheet. They …
CI Capital reports total financing portfolio of EGP 12.3bn in 9M 2020
Company’s consolidated revenues stood at EGP 1.6bn during same period
CI Capital’s Souhoola obtains consumer finance licence
The company was informed of the decision via letter from the Financial Regulatory Authority (FRA). Souhoola is subject to Law No 18 of 2020.
Banque Misr increases stake in CI Capital to 15.12%
Bank purchases about 14m shares worth approximately EGP 58.1m
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.
Banque Misr to expand non-banking services, buy minority stake in CI Capital
Bank to continue buying shares in CI Capital to bring its stake to 20-25%, say sources
CI Capital’s Souhoola targets EGP 500m consumer finance portfolio in first year: CEO
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.
CI Capital net profit jumps 46% YoY, records EGP 544.8m in 2019
The company’s total revenue reached EGP 2.6bn in 2019, up 39.2% YoY, with an NBFS contribution of 83.3%.
CICH’s strong 2019 profits driven by Corplease
Total revenues reached EGP2.6bn growing 39.2% YoY
Tourism, education, financial services best investments in Egypt: CI Capital Co-CEO
Group has EGP 9.2bn assets under management
CI Capital expects Egypt’s FDIs to reach $7.4bn in FY20
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.
EGP to average EGP 17.11 against US dollar in FY 2020/21: CI Capital
CBE to keep rates on hold in November, December
CI Capital acquires 60% interest in Taaleem Management Services for EGP 1.2bn
CI Capital and its co-investors acquired Taaleem through a newly established investment vehicle, “EGY EDU Invest BV,” which is controlled by CI Capital
CI Capital records EGP 1.1bn revenues in 1H19, growing 35% y-o-y
Company achieves net profit of EGP 207.7m in this period, up 39% y-o-y
NI Capital sets deadline for managing bids of Sidpec’s IPO by 5 August
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
IFU’s Sharia compliant equity fund ‘Helal’ managed by CI Capital awarded ‘Best Equity Fund in 2019’ from Lipper Fund Awards
The Best Equity Fund for its 3 Years Cumulative Performance in 2019