{"id":630705,"date":"2018-04-30T04:15:34","date_gmt":"2018-04-30T04:15:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/will-cira-relist-on-the-egx-in-4q2018\/"},"modified":"2018-04-30T04:15:34","modified_gmt":"2018-04-30T04:15:34","slug":"will-cira-relist-on-the-egx-in-4q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/will-cira-relist-on-the-egx-in-4q2018\/","title":{"rendered":"Will CIRA relist on the EGX in 4Q2018?"},"content":{"rendered":"

<\/a> IPO WATCH- Will CIRA relist on the EGX in 4Q2018?<\/strong> Cairo Investment and Real Estate Development (CIRA), has reportedly begun taking steps to relist on the EGX, with a preliminary date set for 4Q2018, sources said<\/a>. The company, which holds majority stakes in 24 K-12 schools, is reportedly looking to sell up to 30% of its shares. Dubai-based private equity giant Abraaj had exited its c.30% stake<\/a> in the company last week to minimize its footprint in the wake of turbulence at an unrelated healthcare fund, selling the shares back to the family of Hassan El Kalla.<\/p>\n

Who\u2019s advising? <\/strong>CIRA, which had delisted back in 2015 after selling to Abraaj, is said to be in advanced talks to sign EFG Hermes as adviser on the listing. It also appears that the company is at least considering an international offering, with reports that it hired White & Case as legal advisers on that tranche of the offering. El Tamimi & Co. Law Firm has also reportedly been tapped to act as local legal adviser, while Zulficar & Partners will allegedly act as legal counsel to the underwriter.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- Will CIRA relist on the EGX in 4Q2018? Cairo Investment and Real Estate Development (CIRA), has reportedly begun taking steps to relist on the EGX, with a preliminary date set for 4Q2018, sources said. The company, which holds majority stakes in 24 K-12 schools, is reportedly looking to sell up to 30% of […]<\/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-630705","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"257b43ff-a8db-4720-b949-f69e0a61b3cb","order":"0","is_powered_by":true,"section_story_id":"2c2d6b12-1071-437b-b9a5-8afd8447c926","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630697],"teaser":"","voice_url":""},"yoast_head":"\nWill CIRA relist on the EGX in 4Q2018? - 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\/04\/30\/will-cira-relist-on-the-egx-in-4q2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will CIRA relist on the EGX in 4Q2018?\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Will CIRA relist on the EGX in 4Q2018? Cairo Investment and Real Estate Development (CIRA), has reportedly begun taking steps to relist on the EGX, with a preliminary date set for 4Q2018, sources said. 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The stake was bought by Social Impact Capital Ltd, a vehicle belonging to the family of Hassan El\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":630705,"position":1},"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. The firm is planning offer new shares equivalent to 35-40% of the company\u2019s equity. Some 80-90%\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":627445,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/abraaj-sold-35-stake-in-cira-for-more-than-usd-20-mn\/","url_meta":{"origin":630705,"position":2},"title":"Abraaj sold 35% stake in CIRA for more than USD 20 mn","author":"enterpriseam admin","date":"3 June 2018","format":false,"excerpt":"INVESTMENT WATCH- Abraaj sold 35% stake in CIRA for more than USD 20 mn: Abraaj Capital reportedly sold last week its 35% stake in education outfit Cairo for Investment & Real Estate Development (CIRA) back to its founding shareholders \u2014 the family of Hassan El Kalla \u2014 in a transaction\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":627097,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/cira-taps-french-law-firm-gide-to-join-white-case-as-international-counsel-for-planned-share-offerings\/","url_meta":{"origin":630705,"position":3},"title":"CIRA taps French law firm Gide to join White & Case as international counsel for planned share offerings","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"IPO WATCH- CIRA taps French law firm Gide to join White & Case as international counsel for planned share offerings: Cairo Investment and Real Estate Development (CIRA) has reportedly tapped French law firm Gide Loyrette Nouel as joint legal council for its planned international offering, alongside White & Case, according\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":626001,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/cira-announces-plans-to-list-37-48-stake-on-the-egx\/","url_meta":{"origin":630705,"position":4},"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. 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":627220,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/samcrete-to-delist-from-egx-by-years-end-plans-to-relist-subsidiaries-once-ready-to-meet-new-egx-requirements\/","url_meta":{"origin":630705,"position":5},"title":"Samcrete to delist from EGX by year\u2019s end, plans to relist subsidiaries once ready to meet new EGX requirements","author":"enterpriseam admin","date":"25 July 2018","format":false,"excerpt":"Construction outfit Samcrete is planning to delist from the EGX before year\u2019s end, with plans to float shares again from at least two of its subsidiaries once the company readies itself to meet a number of amended listing requirements, CFO Sameh Wahib tells Al Mal. The company had been facing\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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\/630705","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=630705"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630705\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630697"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630705"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630705"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}