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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 4 mins ago 17.12
17.22
Euro 4 mins ago 19.238
19.385
British Pound 4 mins ago 22.218
22.384
Swiss Franc 4 mins ago 16.855
16.989
Saudi Arabian Riyal 4 mins ago 4.547
4.592
Kuwaiti Dinar 4 mins ago 56.15
56.626

US Dollar Exchange rates

Bank Buy Sell
Abu Dhabi Islamic Bank April 15, 7:10 pm 17.29
17.38
Sueze Canal Bank April 15, 7:10 pm 17.28
17.38
SAIBank April 15, 7:10 pm 17.28
17.38
The Hongkong And Shanghai Banking Corporation (HSBC) April 15, 7:12 pm 17.28
17.38
Albaraka Bank April 15, 7:10 pm 17.28
17.38
National Bank Of Greece April 15, 7:10 pm 17.27
17.37
EXPORT DEVELOPMENT BANK OF EGYPT April 15, 5:00 pm 17.27
17.37
Al Ahly Bank Of Kuwait April 15, 7:10 pm 17.27
17.37
Bank Audi April 15, 7:12 pm 17.27
17.37
Housing And Development Bank April 15, 7:10 pm 17.27
17.37
Egyption Gulf Bank April 15, 7:10 pm 17.27
17.37
Blom Bank Egypt April 15, 7:10 pm 17.27
17.37
Commercial International Bank April 15, 7:10 pm 17.26
17.36
The United Bank April 15, 7:10 pm 17.26
17.36
Alexandria Bank April 15, 7:10 pm 17.26
17.36
Credit Agricole April 15, 7:10 pm 17.26
17.36
Artab African International Bank April 15, 7:10 pm 17.26
17.36
Central Bank Of EGYPT April 15, 7:12 pm 17.2516
17.3818
Misr Iran Development Bank April 15, 7:12 pm 17.25
17.35
Bank Misr April 15, 7:10 pm 17.25
17.35
Qatar National Bank April 15, 7:12 pm 17.25
17.35
Albank Al-Ahly April 15, 5:00 pm 17.25
17.35

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https://cdn1.dailynewsegypt.com/2017/03/02/efsa-approves-deal-to-sell-ci-capital-to-arab-and-egyptian-investors/
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