{"id":600457,"date":"2019-01-30T04:19:28","date_gmt":"2019-01-30T04:19:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/"},"modified":"2019-01-30T04:19:28","modified_gmt":"2019-01-30T04:19:28","slug":"alaa-arafa-sells-his-stake-in-ci-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","title":{"rendered":"Alaa Arafa sells his stake in CI Capital"},"content":{"rendered":"

M&A WATCH- Alaa Arafa exits CI Capital:<\/b> Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf)<\/a>. Arafa held a 1.88% stake before the last sale. Arafa initially bought a 9.9% stake from CIB<\/a> as part of a consortium of investors that acquired the investment bank and took it public.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Alaa Arafa exits CI Capital: Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf). Arafa held a 1.88% stake before the last sale. Arafa initially bought a 9.9% stake from CIB as part of a consortium […]<\/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":[8572],"tags":[4884,136,72,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600457","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-alaa-arafa","tag-ci-capital","tag-enterpriseam","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8179a645-eeb6-4015-9ab0-4fc3f0690127","is_powered_by":true,"section_story_id":"4f372933-c872-4b9a-aa44-893c29212320","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600438],"teaser":"","voice_url":""},"yoast_head":"\nAlaa Arafa sells his stake in CI Capital - 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\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alaa Arafa sells his stake in CI Capital\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Alaa Arafa exits CI Capital: Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf). Arafa held a 1.88% stake before the last sale. Arafa initially bought a 9.9% stake from CIB as part of a consortium […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-30T04:19:28+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\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alaa Arafa sells his stake in CI Capital\",\"datePublished\":\"2019-01-30T04:19:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\"},\"wordCount\":73,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alaa Arafa\",\"CI Capital\",\"EnterpriseAM\",\"M&A Watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\",\"name\":\"Alaa Arafa sells his stake in CI Capital - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-01-30T04:19:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alaa Arafa sells his stake in CI Capital\"}]},{\"@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":"Alaa Arafa sells his stake in CI Capital - 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\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","og_locale":"en_US","og_type":"article","og_title":"Alaa Arafa sells his stake in CI Capital","og_description":"M&A WATCH- Alaa Arafa exits CI Capital: Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf). Arafa held a 1.88% stake before the last sale. Arafa initially bought a 9.9% stake from CIB as part of a consortium […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-01-30T04:19:28+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\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Alaa Arafa sells his stake in CI Capital","datePublished":"2019-01-30T04:19:28+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/"},"wordCount":73,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Alaa Arafa","CI Capital","EnterpriseAM","M&A Watch","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","name":"Alaa Arafa sells his stake in CI Capital - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-01-30T04:19:28+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Alaa Arafa sells his stake in CI Capital"}]},{"@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":571814,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/earnings-watch-arafa-holding-mnhd\/","url_meta":{"origin":600457,"position":0},"title":"Earnings Watch: Arafa Holding, MNHD","author":"enterpriseam admin","date":"1 June 2020","format":false,"excerpt":"EARNINGS WATCH- Madinet Nasr Housing & Development\u2019s (MNHD) net profit grew 13.7% in 1Q2020 to reach EGP 378.1 mn, up from EGP 332.3 mn in the same period last year , according to an EGX disclosure (pdf). Revenues surged by 48% on an annual basis, reaching EGP 941.9 mn during\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":647140,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/ci-capitals-new-post-sale-board-of-directors-to-convene-on-11-may\/","url_meta":{"origin":600457,"position":1},"title":"CI Capital\u2019s new post-sale board of directors to convene on 11 May","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"CI Capital\u2019s new board of directors will meet on Thursday, 11 May for the first time since CIB sold a majority stake to a consortium of investors, Deputy Chairman and CEO Mahmoud Attallah told Youm7. Arafa Group boss Alaa Arafa, real estate developer Mahmoud El Gammal, businessman Ayman Mamdouh Abbas,\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":574679,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/17\/arafa-holding-sinks-into-the-red-in-1h2020\/","url_meta":{"origin":600457,"position":2},"title":"Arafa Holding sinks into the red in 1H2020","author":"enterpriseam admin","date":"17 September 2020","format":false,"excerpt":"EARNINGS WATCH- Arafa Holding reported USD 10.7 mn in losses during 1H2020 down from net profits of USD 7.8 mn in 1H2019, according to an earnings release (pdf). Net sales plunged more than 45% to USD 57.6 mn from USD 104.3 mn last year.","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":594232,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/23\/earnings-watch-arafa-holding-reports-a-137-y-o-y-increase-in-profits-to-usd-7-7-mn\/","url_meta":{"origin":600457,"position":3},"title":"Earnings Watch: Arafa Holding reports a 137% y-o-y increase in profits to USD 7.7 mn","author":"enterpriseam admin","date":"23 October 2019","format":false,"excerpt":"EARNINGS WATCH- Arafa Holding reported a 137% y-o-y increase in consolidated net profits to reach USD 7.7 mn in 1H2019-20 (Arafa Holding\u2019s fiscal year begins in February), up from a net profit of USD 3.2 mn in the same period in 2018-19, the company said in a statement to the\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":650103,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/60-65-of-ci-capital-to-be-sold-final-investor-lineup-announced\/","url_meta":{"origin":600457,"position":4},"title":"60-65% of CI Capital to be sold, final investor lineup announced","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"When all is said and done, CIB will sell 60-65% of CI Capital for total consideration of EGP 570 mn, unnamed sources close to the transaction tell Al Borsa. Arafa Group\u2019s Alaa Arafa and Ismail El Turk, the Saudi owner of Habitat Furniture, will reportedly hold the largest stakes of\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":649525,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/saddiq-afifi-and-mamdouh-abbass-back-out-of-ci-capital-sale\/","url_meta":{"origin":600457,"position":5},"title":"Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale: Tiba Group\u2019s 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 \u201closs of interest\u201d and \u201cpersonal reasons\u201d as the cause, Al\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600457","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=600457"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600457\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600438"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600457"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600457"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}