{"id":621598,"date":"2018-11-13T04:18:20","date_gmt":"2018-11-13T04:18:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/"},"modified":"2018-11-13T04:18:20","modified_gmt":"2018-11-13T04:18:20","slug":"cira-to-ipo-badr-city-medical-complex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/","title":{"rendered":"CIRA to IPO Badr City medical complex"},"content":{"rendered":"<p><strong>IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: <\/strong>Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is hoping to eventually list its medical complex in Badr City, <a href=\"https:\/\/alborsaanews.com\/2018\/11\/11\/1149936\">CEO Mohamed El Kalla said<\/a>. El Kalla did not state when CIRA plans to spin-off the complex, which will operate 18 large hospitals, or when it plans to list the subsidiary. Construction will kick off in about two years.<\/p>\n<p><strong>New acquisitions coming: <\/strong>El Kalla said the company is also considering a number of acquisitions as part of its expansion plans and said CIRA will <strong>invest EGP 1.1 bn over coming 3-5 years<\/strong>, including EGP 550 mn earmarked to build eight new faculties to Badr University, EGP 300 mn to build new schools and another EGP 300 mn on building a new branch for the university. In addition to proceeds from its recent IPO, the company will use a combination of bank finance and proceeds from its exit of real estate investment to help fund its growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is hoping to eventually list its medical complex in Badr City, CEO Mohamed El Kalla said. El Kalla did not state when CIRA plans to spin-off the complex, which will operate 18 [&hellip;]<\/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":[11919,402,73,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621598","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cira","tag-cira-education","tag-education","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"49eb20ce-7006-4832-855f-a2dc057a350d","order":"0","is_powered_by":true,"section_story_id":"964d5586-c249-4fe0-b6eb-a80699c01e8a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621586],"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>CIRA to IPO Badr City medical complex - 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\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIRA to IPO Badr City medical complex\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is hoping to eventually list its medical complex in Badr City, CEO Mohamed El Kalla said. El Kalla did not state when CIRA plans to spin-off the complex, which will operate 18 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-13T04:18:20+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\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\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIRA to IPO Badr City medical complex\",\"datePublished\":\"2018-11-13T04:18:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\"},\"wordCount\":172,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIRA\",\"CIRA Education\",\"Education\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/cira-to-ipo-badr-city-medical-complex\/\",\"name\":\"CIRA to IPO Badr City medical complex - 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Revenues rose 48% y-o-y during, coming in at EGP 517.5 mn, with\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":622464,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/cira-share-price-pops-17-6-in-egx-debut\/","url_meta":{"origin":621598,"position":2},"title":"CIRA share price pops 17.6% in EGX debut","author":"enterpriseam admin","date":"2 October 2018","format":false,"excerpt":"IPO WATCH- CIRA shares pop nearly 18% in EGX debut: Leading private-sector education provider Cairo Investment and Real Estate Development (CIRA) saw its share price rise 17.6% on it first day of trading yesterday, reaching closing north of EGP 7 per share by the end of trading, according to EGX\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\/2018\/10\/2494.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626001,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cira-announces-plans-to-list-37-48-stake-on-the-egx\/","url_meta":{"origin":621598,"position":3},"title":"CIRA announces plans to list 37.48% stake on the EGX","author":"enterpriseam admin","date":"28 August 2018","format":false,"excerpt":"IPO WATCH- CIRA announces plans to list 37.48% stake on the EGX: Leading private-sector education outfit Cairo Investment and Real Estate Development (CIRA) announced yesterday it plans to sell 207.3 mn ordinary shares, or 37.48% of the company, on the EGX. 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