CIRA has already accounted for the cost of 25% bus fee rebate

EGX-listed schools operator CIRA had already accounted for a 21% rebate of the last academic year’s transport fees before the Consumer Protection Authority order earlier this week telling schools to refund 25% of bus fees from the 2019-2020 academic year, according to a statement (odf). The refund, which will be credited to the upcoming academic year for returning students, amounted to EGP 9.5 mn, and the leading private sector education outfit will earmark an additional EGP 2 mn to meet the CPA’s directives.