El-Kalla expressed his happiness with the strong performance that the company achieved throughout the year to continue its successful path, since it was listed on the Egyptian Exchange in 2018.
Programme is pending final approvals: Sources
The first phase of the University of Technology to be inaugurated in September 2023: Investment Manager
The venture (51% owned by CIRA, 49% by Al-Ahly Capital) launched the first private university project of its kind, Cairo Saxony University for Applied Sciences and Technologies, and will continue establishing new projects either by utilising Al-Ahly Capital’s assets or acquiring new ones, the management added.
Al-Ahly-CIRA to establish Cairo Saxony University for Applied Sciences and Technologies with EGP 2bn of investments
Product allows parents to pay tuition fees over 12 equal monthly instalments with minimal documentation, instant approval
CIRA issued sukuk bonds worth EGP 600m, and gained 75 bps above Egyptian corridor rates which resulted in interest rate of about 10% for seven-year tenor
The sources said that the company is currently completing the offering documents with the Financial Regulatory Authority (FRA). CIRA aims to complete the offering before the end of the year, to finance its expansion in the field of education.
Company has purchased 5-feddan plot in Sohag governorate, to construct international school.
Company approves EGP 100m loan from Ahli United Bank to finance new projects
Bank to mobilise additional grant funding worth €400,000
