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

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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 3 mins ago 16.06
16.16
Euro 3 mins ago 17.69
17.868
British Pound 3 mins ago 20.666
20.877
Swiss Franc 3 mins ago 16.206
16.356
Saudi Arabian Riyal 3 mins ago 4.265
4.309
Kuwaiti Dinar 3 mins ago 52.518
53.246

US Dollar Exchange rates

Bank Buy Sell
Abu Dhabi Islamic Bank August 26, 6:20 pm 16.54
16.63
Albaraka Bank August 26, 6:20 pm 16.53
16.63
Al Ahly Bank Of Kuwait August 26, 6:20 pm 16.51
16.61
Sueze Canal Bank August 26, 6:20 pm 16.5
16.6
SAIBank August 26, 6:20 pm 16.5
16.6
The United Bank August 26, 6:20 pm 16.5
16.6
Housing And Development Bank August 26, 6:20 pm 16.5
16.6
Misr Iran Development Bank August 26, 6:18 pm 16.5
16.6
Qatar National Bank August 26, 6:18 pm 16.5
16.6
Albank Al-Ahly August 26, 5:00 pm 16.5
16.6
Credit Agricole August 26, 6:20 pm 16.5
16.6
Bank Misr August 26, 6:20 pm 16.5
16.6
Artab African International Bank August 26, 6:20 pm 16.5
16.6
Blom Bank Egypt August 26, 6:20 pm 16.5
16.6
National Bank Of Greece August 26, 6:20 pm 16.5
16.6
EXPORT DEVELOPMENT BANK OF EGYPT August 26, 5:00 pm 16.5
16.6
Bank Audi August 26, 6:18 pm 16.49
16.59
The Hongkong And Shanghai Banking Corporation (HSBC) August 26, 6:18 pm 16.49
16.59
Commercial International Bank August 26, 6:20 pm 16.48
16.58
Alexandria Bank August 26, 6:20 pm 16.48
16.58
Egyption Gulf Bank August 26, 6:20 pm 16.48
16.58
Central Bank Of EGYPT August 26, 6:18 pm 16.4785
16.6107

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