Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved a decision to acquire a 51% stake in Innovvette for Education.
The partnership covers the establishment and management of 25 child care centres over the next five year, CIRA said in a bourse disclosure on Sunday.
The company expects pumping EGP 50 million investments in this sector in the upcoming period.
During the three-month period ended 30 November 2020, CIRA reported net profits of EGP 118.6 million, up from EGP 105.86 million in the prior-year period.
