{"id":594700,"date":"2019-09-04T03:56:24","date_gmt":"2019-09-04T03:56:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/"},"modified":"2019-09-04T03:56:24","modified_gmt":"2019-09-04T03:56:24","slug":"cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/","title":{"rendered":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn"},"content":{"rendered":"

Leading private sector education provider Cairo for Real Estate and Investment (CIRA) has agreed to acquire a majority stake in the British Columbia Canadian International School (BCCIS) through the acquisition of a 60% stake in its parent company, Star Light Educational DMCC Corporation, it said in an EGX disclosure (pdf)<\/a>. The transaction will cost up to EGP 100 mn. The company also agreed to an undisclosed fair share value set by independent financial advisor Fincrop, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leading private sector education provider Cairo for Real Estate and Investment (CIRA) has agreed to acquire a majority stake in the British Columbia Canadian International School (BCCIS) through the acquisition of a 60% stake in its parent company, Star Light Educational DMCC Corporation, it said in an EGX disclosure (pdf). The transaction will cost up […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9314],"tags":[402,73,72,2400],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594700","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-cira-education","tag-education","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"dcebe7fc-2819-4fdd-a1c1-85abb4f37c2e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594680],"teaser":"","voice_url":""},"yoast_head":"\nCIRA acquires majority stake in BCCIS for up to EGP 100 mn - 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\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIRA acquires majority stake in BCCIS for up to EGP 100 mn\" \/>\n<meta property=\"og:description\" content=\"Leading private sector education provider Cairo for Real Estate and Investment (CIRA) has agreed to acquire a majority stake in the British Columbia Canadian International School (BCCIS) through the acquisition of a 60% stake in its parent company, Star Light Educational DMCC Corporation, it said in an EGX disclosure (pdf). The transaction will cost up […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-04T03:56:24+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIRA acquires majority stake in BCCIS for up to EGP 100 mn\",\"datePublished\":\"2019-09-04T03:56:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIRA Education\",\"Education\",\"EnterpriseAM\",\"Health + Education\"],\"articleSection\":[\"Health + Education\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\",\"name\":\"CIRA acquires majority stake in BCCIS for up to EGP 100 mn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-09-04T03:56:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIRA acquires majority stake in BCCIS for up to EGP 100 mn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/","og_locale":"en_US","og_type":"article","og_title":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn","og_description":"Leading private sector education provider Cairo for Real Estate and Investment (CIRA) has agreed to acquire a majority stake in the British Columbia Canadian International School (BCCIS) through the acquisition of a 60% stake in its parent company, Star Light Educational DMCC Corporation, it said in an EGX disclosure (pdf). The transaction will cost up […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-09-04T03:56:24+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn","datePublished":"2019-09-04T03:56:24+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/"},"wordCount":86,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["CIRA Education","Education","EnterpriseAM","Health + Education"],"articleSection":["Health + Education"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/","name":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-09-04T03:56:24+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/04\/cira-acquires-majority-stake-in-bccis-for-up-to-egp-100-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CIRA acquires majority stake in BCCIS for up to EGP 100 mn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":566101,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/27\/misr-insurance-makes-a-big-education-play\/","url_meta":{"origin":594700,"position":0},"title":"Misr Insurance makes a big education play","author":"enterpriseam admin","date":"27 May 2021","format":false,"excerpt":"Misr Insurance Holding (MIH) is planning on forming an education platform with an initial investment capital of EGP 700-800 mn, MIH chairman and managing director Basel El Hini told Enterprise today. MIH plans to partner with as of yet unnamed education operators, and a private equity firm on the new\u2026","rel":"","context":"In "SPEED ROUND: EDUCATION"","block_context":{"text":"SPEED ROUND: EDUCATION","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/464.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599365,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/egypts-cira-to-acquire-60-of-the-uaes-starlight-education\/","url_meta":{"origin":594700,"position":1},"title":"Egypt\u2019s CIRA to acquire 60% of the UAE\u2019s Starlight Education","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"M&A WATCH- CIRA to acquire 60% of the UAE\u2019s Starlight Education: Leading private-sector education provider Cairo for Real Estate and Investment (CIRA) is acquiring 60% of UAE-based Starlight Education, which indirectly owns British Columbia Canadian International School (BCCIS) in Shorouk City, CIRA said in a statement (pdf). The transaction will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1847.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597205,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/cira-reports-51-y-o-y-growth-in-net-profits-in-the-first-nine-months-of-its-fiscal-year\/","url_meta":{"origin":594700,"position":2},"title":"CIRA reports 51% y-o-y growth in net profits in the first nine months of its fiscal year","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 51% y-o-y increase in net profit to EGP 249.8 mn in the first nine months of its fiscal year, which ended 31 May 2019, according to the company\u2019s earnings release (pdf). Revenues rose 32% y-o-y during the period, coming\u2026","rel":"","context":"In "Speed Round"","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":563769,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/cira-net-income-up-40-in-9m-2020-2021\/","url_meta":{"origin":594700,"position":3},"title":"CIRA net income up 40% in 9M 2020-2021","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"Private sector education outfit CIRA\u2019s net income rose 40% to EGP 462.1 mn in the first nine months of its fiscal year, which ends on 31 August, according to the company\u2019s earnings release (pdf). Revenues during the period climbed to EGP 1.3 bn, up 28% y-o-y from last year. Top\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-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":569831,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/09\/cira-ode-sign-agreement-to-establish-international-schools-in-o-west\/","url_meta":{"origin":594700,"position":4},"title":"CIRA, ODE sign agreement to establish international schools in O West","author":"enterpriseam admin","date":"9 March 2020","format":false,"excerpt":"CIRA, ODE sign agreement to establish two int\u2019l schools in O West: Cairo for Investment and Real Estate Development (CIRA) and OrascomDevelopment Egypt (ODE) have signed a cooperation agreement to establish branches of two international schools in the O West development complex in Sixth of October, ODE said in a\u2026","rel":"","context":"In "Speed Round"","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":591520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/cira-plans-egp-2-bn-in-new-investment-fresh-securitization-program\/","url_meta":{"origin":594700,"position":5},"title":"CIRA plans EGP 2 bn in new investment, fresh securitization program","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"INVESTMENT WATCH- CIRA plans EGP 2 bn in new investment, fresh securitization program: EGX-listed education business CIRA will invest more than EGP 2 bn to develop several ongoing and future projects and will turn to a securitized bond issuance as part of its financing plans, CEO Mohamed El Kalla tells\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/329.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\/594700","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=594700"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594700\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594680"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594700"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594700"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}