{"id":624594,"date":"2018-09-13T04:32:45","date_gmt":"2018-09-13T04:32:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/cira-to-acquire-additional-24-stake-in-al-saeed-education-services\/"},"modified":"2018-09-13T04:32:45","modified_gmt":"2018-09-13T04:32:45","slug":"cira-to-acquire-additional-24-stake-in-al-saeed-education-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/13\/cira-to-acquire-additional-24-stake-in-al-saeed-education-services\/","title":{"rendered":"CIRA to acquire additional 24% stake in Al Saeed Education Services"},"content":{"rendered":"

<\/a> **#5 M&A WATCH- CIRA to acquire additional 24% stake in Al Saeed Education Services: <\/strong>Leading private sector education provider Cairo Investment and Real Estate Development (CIRA) announced yesterday that it intends to acquire an additional 24% stake in its subsidiary Al Saeed Education Services for EGP 10 mn, according to a filing to the EGX (pdf)<\/a>. The company will buy the shares from shareholder Al Saeed Investments in two transactions worth EGP 5 mn each, bringing its total holding of Al Saeed to 99% from 75%. CIRA, which announced its intention to go public late last month<\/a>, is expected to begin trading on the EGX as of 1 October. The company expects to price its shares at EGP 5.45-6.30<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#5 M&A WATCH- CIRA to acquire additional 24% stake in Al Saeed Education Services: Leading private sector education provider Cairo Investment and Real Estate Development (CIRA) announced yesterday that it intends to acquire an additional 24% stake in its subsidiary Al Saeed Education Services for EGP 10 mn, according to a filing to the EGX […]<\/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-624594","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"11dca2e5-40a6-45fa-8657-c187e40ae5a1","order":"0","is_powered_by":true,"section_story_id":"e31d2f26-3fc0-4527-9654-626a1601242e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624580],"teaser":"","voice_url":""},"yoast_head":"\nCIRA to acquire additional 24% stake in Al Saeed Education Services - 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