Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said that Banque Misr plans to submit an offer to purchase the share capital of CI Capital Holding For Financial Investments at EGP 4.7 per share.
Trading the stock of CI Capital was resumed at 11:55 a.m. on Monday, while all offers and requests registered on the company’s shares prior to the announcement were suspended, according to a bourse statement.
During the first nine months of 2020, CI Capital’s net profits reached EGP 330.77 million, down by 13% year-on-year (YoY) from EGP 381.06 million, including minority shareholders’ rights.
