CI Capital manages LE 9.2B assets in Egypt during 2019

CAIRO - 29 January 2020: "Volume of assets managed by CI Capital reached LE 9.2 billion in 2019, compared to more than LE 7 billion in 2018," co-CEO of CI Capital Holding Group Hazem Badran said Wednesday.

Badran expected in a press conference that the Egyptian Stock Exchange will witness an activity with the completion of the offerings of Alexandria Container and Cargo Handling Co., and Abo Qir Fertilizers due to the size of the two companies and the opportunities provided for investors and investment funds to enter the market.

In November, Minister of Public Business Sector Hesham Tawfik said that three governmental companies are ready to offer shares in EGX, namely Heliopolis, Alexandria Containers, and Abo Qir Fertilizers.

On a different note, Badran added that the company's financial services portfolio in 2019 amounted to LE 10 billion, compared to LE 7.8 billion in 2018.

CI Capital Holding recorded consolidated profits of LE 235.24 million during the first half of 2019, compared to LE 169.67 million including minority rights during the same half of 2018, marking an increase of 38.64 percent.

CI Capital is an investment bank in Egypt with market-leading investment banking, securities brokerage, asset management and research franchises.