It added that the offer price is LE 4.7 per share, provided that implementation will take place on the Egyptian Exchange during the five working days following the expiration of the offer period. CI Capital Holding Company for Financial Investments achieved a net profit of LE 330.77 million during the first nine months of 2020, compared to profits of LE 381.06 million during the same period in 2019, taking into account the minority rights. The company's revenues declined during the first nine months of 2020, to record LE 1.519 billion by the end of September, compared to LE 1.72 billion during the same period in 2019. As for standalone results, the company's profits rose to reach LE 191.75 million by the end of September 2020, compared to LE 94.39 million during the same period in 2019. CI Capital is an investment bank in Egypt with market-leading investment banking, securities brokerage, asset management and research franchises.

Source: Egypt Today February 14, 2021 10:30 UTC