Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale

Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale: Tiba Group’s Saddiq Afifi and former Zamalek football club chairman Mamdouh Abbass have reportedly backed out of a consortium that is looking to acquire investment bank CI Capital, citing “loss of interest” and “personal reasons” as the cause, Al Borsa reports. The two businessmen had joined a roster of prominent names seeking 80% of CI Capital in December. Other bidders include Arafa Group’s Alaa Arafa, construction magnate Mahmoud El Gammal, and Compass Capital’s Shamel Aboulfadl.