Latest in Tag: CI Capital Highlight
Latest in Tag: CI Capital
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
CI Capital, Beltone eye acquisition of electronic brokerage company
Sawiris applies to establish a €50m bank for SMEs in Luxembourg
OTMT nominates Beltone Financial Holding to finalise acquistion of 100% of CI Capital
Orascom Telecom Media and Technology Holding (OTMT) announced today that its management has agreed to nominate Beltone Financial Holding to purchase 100% of CI Capital.
CIB approves OTMT’s EGP 924m offer to purchase CI capital
OTMT’s intentions to acquire the investment bank were first reported in December 2015
Orascom expected to offer firm bid to acquire CI Capital this week: Sources
Orascom began addressing private banks to guarantee 40% of deal worth, EGP 950m-1bn, sources say
EGX-30 to fluctuate between 5,300 and 5,900 points
The acquisition of CI Capital by OTMT will reflect positively on the market
Competition arises over CI Capital acquisition
OTMT presents its final bid Thursday, with a competing bid to be presented from Al Ahly Capital Sunday
CI Capital CEO calls on state to address hindrances to growth rate
Atallah asserts that the impact of the oil price crash on the country is generally negative, especially after losing $12bn in oil exports
CI Capital prepares IPOs at EGX in construction, food, and hotel sectors in 2016
Government should activate one-stop shop quickly to attract more local and foreign investments, says Chief Executive
Emerging investment banks expect positive impact from CI Capital-Beltone deal
By doing so, they hope to compensate for the recession in the market throughout the three years following the January 25 Revolution in 2011.
Sawiris revives dream of CI Capital competing with EFG Hermes after 10 years
If CI Capital and Beltone merge; indicators anticipate EFG Hermes to dominate with support of its regional arm on the short term, with eyes open towards merger in a few years
Qalaa Holdings hires CI Capital to exit Tanmeyah firm
Qalaa says exit will help company provide liquidity for purchasing treasury stocks
CI Capital seeks $150m investment from direct investment fund with Duet Group : Investment banking head
CI Capital expects two other offerings to take place this year, in addition to his company acquiring a financial advisory role for a number of acquisition and merger deals.
Business sector unready for privatisation, restructuring to take place: Investment minister
Investment ministry hopes to restructure business sector in preparation for tender operations on stock market, bringing them out of the red
Reducing subsidy expenses essential to jumpstarting Egypt’s economy: Economists
Reducing subsidy system expenses in the 2014/2015 fiscal year (FY) budget will help drive Egypt’s economy forward, economic analysts said at the Euromoney Conference, currently being held in Cairo.. It is essential to reduce public expenses for Egypt’s economy, especially with regards to the energy situation, said Managing Director of Qalaa Holding Hisham El-Khazindar. El-Khazindar …
Euromoney: CI Capital to extend foothold in the Gulf
Atallah stated that the interim government’s main role is to target short-term remedies to deal with current economic issues to help set the base for recovery.
CI Capital raises Egypt’s Oriental Weavers
By Reuters CAIRO: Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, may report earnings growth of 33 percent in 2012 helped by easing raw material prices and increased demand, CI Capital said and upgraded the stock to “buy”. The company’s profitability was hurt over the last year due to increased raw material costs, political …
CI Capital raises Ezz Steel to buy
By Reuters CAIRO: Egypt’s largest steel producer Ezz Steel will benefit from the reinstatement of operating licenses for two of its plants after paying a fee, said CI Capital Research and upgraded the stock to “buy” from “hold.” In September, an Egyptian court jailed Ezz’s former chairman Ahmed Ezz for indulging in corruption and ordered …