CI Capital to offer 2 companies on EGX

CAIRO - 29 January 2020: CI Capital plans to offer two companies on the Egyptian Stock Exchange (EGX) during the coming period, co-CEO of CI Capital Holding Group Hazem Badran said Wednesday.

Hazem Badran said in statements on the sidelines of a press conference that it is planned to complete the offering of Taleem Company, the owner of Al-Nahda University, in the fourth quarter of 2020 or the first quarter of 2021.

“We will float a company in the food security sector worth more than LE 1 billion,” Badran stated, refusing to go into more details.

Badran said earlier that the volume of assets managed by CI Capital reached LE 9.2 billion in 2019, compared to more than LE 7 billion in 2018.

Badran expected that the Egyptian Stock Exchange will witness an activity with the completion of the offering 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.

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