{"id":573755,"date":"2020-08-17T04:09:43","date_gmt":"2020-08-17T04:09:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/"},"modified":"2020-08-17T04:09:43","modified_gmt":"2020-08-17T04:09:43","slug":"banque-misr-ci-capital-could-integrate-their-financial-services-operations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/","title":{"rendered":"Banque Misr, CI Capital could integrate their financial services operations"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>M&A WATCH- Banque Misr, CI Capital could integrate their financial services operations:<\/strong> Banque Misr and CI Capital could potentially merge or otherwise integrate the two entities\u2019 brokerage, financial services, asset management, and non-banking financial services arms, <a href=\"https:\/\/bit.ly\/3204UTN\">Al Mal<\/a> reports, citing unnamed sources. The move to streamline operations comes after Banque Misr <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27ab4605-69a3-4180-8859-c884a3a6492e\">purchased on Thursday<\/a> an additional 9% stake in CI, making it the largest shareholder in the EGX-listed investment bank and a stake north of 24%.<\/p>\n<p><strong>Was BM\u2019s new stake purchase the exit of Rashid Mohamed Rashid from CI?<\/strong> Former Trade Minister Rashid Mohamed Rashid\u2019s Global Holding reportedly exited CI Capital and offloaded its 9% stake in CI Capital to Banque Misr, <a href=\"https:\/\/bit.ly\/344esj3\">Hapi Journal<\/a> reports, citing unnamed sources familiar with the agreement. The sale was reportedly closed for a total of EGP 377.1 mn at EGP 3.95 per share.<\/p>\n<p><strong>Advisors:<\/strong> <strong>CI Capital Securities Brokerage<\/strong> executed the transaction and <strong>Zulficar & Partners<\/strong> were legal advisors.<\/p>\n<p><strong>This is the second time in as many months that state and private-sector players have partnered up <\/strong>to look for opportunity in financial services. EFG Hermes and the Sovereign Fund of Egypt said in late June they were aiming to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/493e0457-82af-4b27-9c7f-1ab2d8301a49\">take a 76% stake in the Arab Investment Bank<\/a> as EFG Hermes aims to turn itself into a universal bank. The proposed acquisition would see EFG Hermes take a controlling 51% stake in AIB.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Banque Misr, CI Capital could integrate their financial services operations: Banque Misr and CI Capital could potentially merge or otherwise integrate the two entities\u2019 brokerage, financial services, asset management, and non-banking financial services arms, Al Mal reports, citing unnamed sources. The move to streamline operations comes after Banque Misr purchased on Thursday an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":573756,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[576,136,72,5703,595,5702,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-banque-misr","tag-ci-capital","tag-enterpriseam","tag-global-holding","tag-non-banking-financial-services","tag-rashid-mohamed-rashid","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ba1aca8d-d67e-4e0a-b930-ba08b6e3880b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/8\/127.jpg","photo_position":"above","related_issue":[573750],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banque Misr, CI Capital could integrate their financial services operations - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr, CI Capital could integrate their financial services operations\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Banque Misr, CI Capital could integrate their financial services operations: Banque Misr and CI Capital could potentially merge or otherwise integrate the two entities\u2019 brokerage, financial services, asset management, and non-banking financial services arms, Al Mal reports, citing unnamed sources. The move to streamline operations comes after Banque Misr purchased on Thursday an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-17T04:09:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/127.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr, CI Capital could integrate their financial services operations\",\"datePublished\":\"2020-08-17T04:09:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\"},\"wordCount\":233,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/8\/127.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Banque Misr\",\"CI Capital\",\"EnterpriseAM\",\"Global Holding\",\"non-banking financial services\",\"Rashid Mohamed Rashid\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/\",\"name\":\"Banque Misr, CI Capital could integrate their financial services operations - 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The move to streamline operations comes after Banque Misr purchased on Thursday an [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-08-17T04:09:43+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/127.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Banque Misr, CI Capital could integrate their financial services operations","datePublished":"2020-08-17T04:09:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/"},"wordCount":233,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/8\/127.jpg?fit=%2C&ssl=1","keywords":["Banque Misr","CI Capital","EnterpriseAM","Global Holding","non-banking financial services","Rashid Mohamed Rashid","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/banque-misr-ci-capital-could-integrate-their-financial-services-operations\/","name":"Banque Misr, CI Capital could integrate their financial services operations - 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This came a day after the bank purchased 14 mn shares in the financial services firm, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573678,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/banque-misr-raises-its-stake-in-ci-capital-to-15-12\/","url_meta":{"origin":573755,"position":1},"title":"Banque Misr raises its stake in CI Capital to 15.12%","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"M&A WATCH- Banque Misr has increased its stake in CI Capital Holding to 15.12% from 13.72%, according to a disclosure to the EGX (pdf). The state-owned bank purchased some 14 mn shares for EGP 58.11 mn at EGP 4.14 per share. Banque Misr is the largest shareholder in the financial\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560929,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/18\/misr-capital-wont-merge-with-ci-capital-for-now\/","url_meta":{"origin":573755,"position":2},"title":"Misr Capital won\u2019t merge with CI Capital (for now)","author":"enterpriseam admin","date":"18 March 2021","format":false,"excerpt":"Banque Misr is likely keeping its investment arm, Misr Capital, separate from CI Capital, in which it now holds a 90% stake, Deputy Chairman Akef El Maghraby told Al Arabiya yesterday. The state-owned lender could \u201cintegrate\u201d the activities of the two investment arms and will likely combine some operations, including\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/236.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566782,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/ci-capital-board-gives-banque-misr-preliminary-approval-for-souhoola-majority-stake-purchase\/","url_meta":{"origin":573755,"position":3},"title":"CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"CI Capital\u2019s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board approved in principle a non-binding offer from state-owned Banque Misr \u2014 the investment bank\u2019s parent company \u2014 to purchase CI\u2019s entire 98.01% stake in its consumer finance subsidiary, Souhoola, according\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564509,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/10\/banque-misr-launches-mto-to-snap-up-nearly-all-of-ci-capital\/","url_meta":{"origin":573755,"position":4},"title":"Banque Misr launches MTO to snap up nearly all of CI Capital","author":"enterpriseam admin","date":"10 February 2021","format":false,"excerpt":"CI Capital could soon be almost fully owned by Banque Misr: The state-owned bank filed a mandatory tender offer yesterday as it looks to raise its stake to up to 90% from the 24.7% it holds today. The MTO, which targets 653 mn shares at EGP 4.70 apiece (a small\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558503,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/banque-misr-eyeing-green-bonds-ci-capital-misr-capital-integration\/","url_meta":{"origin":573755,"position":5},"title":"Banque Misr eyeing green bonds, CI Capital + Misr Capital integration?","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Banque Misr green bond issuance in the works? Banque Misr could soon be following the likes of CIB and the Finance Ministry by issuing its very own green bonds to investors, according to Al Mal. The state-owned bank is exploring the possibility of selling the climate-focused securities, Vice Chairman Akef\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/160.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573755"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573755\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573750"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/573756"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573755"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573755"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}