CI Capital to offer $2B finance to industrial sectors in 2017

CAIRO – 18 September 2017: The volume of finance offered by CI Capital for various industrial sectors are expected to reach around $2 billion in 2017, the group's co-CEO Hazem Badran said on Monday at Euromoney Egypt Conference.

The group succeeded to achieve an annual growth rate of 30 percent over the past five years and posted revenues of $1.5 billion and assets of $5.5 billion, Badran added.

At the two-day conference which kicked off in Cairo Monday, Badran highlighted that the volume of CI Capital small and medium enterprises (SMEs) investment portfolio stood at $4.5 billion over the last two years.

CI Capital topped the brokerage field last month with a market share of 11 percent, the co-CEO said; highlighting that the most prominent axis of attracting foreign investments easily is the easy access to the securities' market and increasing exports.

Badran assured that Commercial International Bank (CIB) is still acquiring a 10 percent share in the company.