{"id":624220,"date":"2018-09-03T04:15:29","date_gmt":"2018-09-03T04:15:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/bourse-greenlights-cira-ipo\/"},"modified":"2018-09-03T04:15:29","modified_gmt":"2018-09-03T04:15:29","slug":"bourse-greenlights-cira-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/03\/bourse-greenlights-cira-ipo\/","title":{"rendered":"Bourse greenlights CIRA IPO"},"content":{"rendered":"

<\/a> IPO WATCH- Bourse greenlights CIRA IPO: <\/strong>The EGX board signed off yesterday<\/a> on plans by leading education provider Cairo Investment and Real Estate Development\u2019s (CIRA) to go public. The company will be added to the bourse\u2019s database as of 4 September. Sources had previously said that CIRA was kicking off its international roadshow this week and that the private-sector education outfit was eyeing eventual expansion into markets in the Gulf, Europe, and South Africa. CIRA announced last week<\/a> plans to offer up a 37.48% stake on the EGX, with the transaction set to include both an international private placement and a retail offering here in Egypt.<\/p>\n

Advisers: EFG Hermes<\/strong> is sole global coordinator and bookrunner for the transaction. Al Tamimi & Co.<\/strong> is acting as the issuer\u2019s local counsel, while Zulficar & Partners<\/strong> is domestic counsel to the underwriter. White & Case<\/strong> is international counsel to the issuer, while Gide Loyrette Nouel<\/strong> is doing duty for the global coordinator and bookrunner. Inktank Communications<\/strong> is serving as investor relations advisor to CIRA.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Bourse greenlights CIRA IPO: The EGX board signed off yesterday on plans by leading education provider Cairo Investment and Real Estate Development\u2019s (CIRA) to go public. The company will be added to the bourse\u2019s database as of 4 September. Sources had previously said that CIRA was kicking off its international roadshow this week […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624220","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"90eda17f-5c0c-4f17-bb8e-bda0b852d7c9","order":"0","is_powered_by":true,"section_story_id":"9dbe1ddd-8c3b-41ac-a125-87d9aec68b3a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624211],"teaser":"","voice_url":""},"yoast_head":"\nBourse greenlights CIRA IPO - 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\/09\/03\/bourse-greenlights-cira-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bourse greenlights CIRA IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Bourse greenlights CIRA IPO: The EGX board signed off yesterday on plans by leading education provider Cairo Investment and Real Estate Development\u2019s (CIRA) to go public. 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The transaction will include both an international private placement\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":625175,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/egx-confirms-trading-on-cira-to-begin-on-1-october\/","url_meta":{"origin":624220,"position":2},"title":"EGX confirms trading on CIRA to begin on 1 October","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"IPO WATCH- EGX confirms CIRA shares to start trading on 1 October: The first day of trading on shares of private sector education outfit CIRA\u2019s IPO will be Monday, 1 October, according to a bulletin by the EGX on Thursday. Appetite for the company\u2019s shares was strong, with the retail\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":626417,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/cira-to-re-list-on-egx-in-october-offer-35-40-of-the-company-in-international-and-domestic-offerings\/","url_meta":{"origin":624220,"position":3},"title":"CIRA to re-list on EGX in October, offer 35-40% of the company in international and domestic offerings","author":"enterpriseam admin","date":"2 July 2018","format":false,"excerpt":"EXCLUSIVE- CIRA relisting to take place in October: Cairo Investment and Real Estate Development (CIRA) will relist shares on the EGX in October, sources close to the transaction told Enterprise over the long weekend. 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