• Wednesday, 15 March 2023

    CI Capital reportedly marketing at least 10% of Safi, Wataniya to strategics

    CI Capital offering at least 10% of Safi, Wataniya to strategics? The Madbouly government has reportedly tapped CI Capital to market stakes of at least 10% in military-owned bottled drinks firm Safi and fuel retailer Wataniya to strategic investors, Asharq...
  • Tuesday, 14 March 2023

    EFG Hermes tops EGX brokerage for second month of the year

    EFG Hermes once again took the top spot in the EGX’s brokerage league table in February with a market share of 19.1% according to EGX figures (pdf). Rounding out the top three were CI Capital (6.8%) and Arab African International...
  • Sunday, 12 March 2023

    Earnings watch: CI Capital + Raya Holding

    EARNINGS WATCH-CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). The group saw record revenues of EGP 3.9 bn during the year,...
  • Tuesday, 31 January 2023

    American invasion on the airwaves

    Blinken everywhere: US Secretary of State Antony Blinken’s meetings with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry kept the talking heads busy last night.State Department Arabic Spokesperson (and Cairo veteran) Sam Werberg made the rounds last night,...
  • Tuesday, 31 January 2023

    Investment banks eye terminal operator IPOs — and Qatar’s SWF is looking for a strategic stake

    A unit of Qatar’s sovereign wealth fund is eyeing majority stakes in two state-owned terminal operators as investment bankers angle for IPO mandates in what could be the first sign so far this year of significant new activity in the...
  • Tuesday, 24 January 2023

    CI Capital, Compass launch fund to invest in EGX-listed firms

    CAPITAL MARKETS-CI Capital + Compass Capital plan EGP 2 bn equity fund: CI Capital and Compass Capital are launching a fund to invest in EGX-listed companies, with initial investments ranging between EGP 2-3 bn, unnamed sources reportedly told Asharq Business....
  • Tuesday, 22 November 2022

    The finance industry should be cheering the ‘upheaval’ at Beltone

    Employees at Beltone SME have reportedly resigned en masse in what Bloomberg Asharq reports is opposition to a restructuring being carried out by the parent company, Beltone Financial. The newspaper claims staff at Beltone’s SME unit handed in their notices...
  • Sunday, 20 November 2022

    CI Capital, IDH + Raya Holding report 3Q earnings

    Earnings continued in earnest on Thursday, with a number of high-profile companies releasing their 3Q 2022 figures.CI CAPITAL-CI Capital reported a 28% increase in revenues to EGP 2.5 bn in 9M 2022, it said in a statement (pdf). Net earnings...
  • Thursday, 17 November 2022

    CI Capital revenues up 28% y-o-y in 9M 2022

    CI Capital reported a 28% increase in revenues to EGP 2.5 bn in 9M 2022, it said in a statement (pdf) out this afternoon. Net earnings after tax and minority interest rose to EGP 486 mn, up 18% compared with...

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