Daily News Egypt

EFSA approves deal to sell CI Capital to Arab and Egyptian investors - Daily News Egypt

Advertising Area



Advertising Area

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


The Commercial International Bank (CIB) said on Thursday that the Egyptian Financial Supervisory Authority (EFSA) has approved a deal to sell a stake in its affiliate investment bank CI Capital Holding to a group of Egyptian and Arab investors.

The bank said in a statement to the Egyptian Exchange (EGX) that the bank received the No Objection Certificate from EFSA and is now studying the final version of the deal.

The bank signed an agreement in December to sell part of CI Capital’s shares.

A group of investors submitted a request to purchase 70-80% of CI Capital Holding, after the deal to sell it to businessman Naguib Sawiris failed.

Exchange rates in CIB

Currency Buy Sell

US Dollar Exchange rates

Bank Buy Sell
Abu Dhabi Islamic Bank 3 mins ago 16.03
16.13
Bank Misr 4 mins ago 15.99
16.09
National Bank Of Greece 3 mins ago 15.98
16.08
Artab African International Bank 4 mins ago 15.98
16.08
Al Ahly Bank Of Kuwait 4 mins ago 15.98
16.08
Egyption Gulf Bank 3 mins ago 15.98
16.08
Housing And Development Bank 3 mins ago 15.98
16.08
Misr Iran Development Bank 1 min ago 15.97
16.07
The United Bank 3 mins ago 15.96
16.06
Qatar National Bank 1 min ago 15.96
16.06
Central Bank Of EGYPT 1 min ago 15.9533
16.0824

Advertising Area

https://wwww.dailynewssegypt.com/2017/03/02/efsa-approves-deal-to-sell-ci-capital-to-arab-and-egyptian-investors/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe