{"id":647579,"date":"2017-05-15T03:32:23","date_gmt":"2017-05-15T03:32:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/"},"modified":"2017-05-15T03:32:23","modified_gmt":"2017-05-15T03:32:23","slug":"cib-agrees-to-sell-13-7-stake-in-ci-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/","title":{"rendered":"CIB agrees to sell 13.7% stake in CI Capital"},"content":{"rendered":"

<\/a> CIB has agreed to sell a 13.7% stake in CI Capital<\/strong>, CI Capital CEO Mahmoud Attalla said yesterday, according to Reuters<\/a>. Attalla said agreements were reached to sell 10% to one local investor and 3.7% to another, without naming either of the buyers. CIB had completed the sale of 74.75% of CI Capital\u2019s shares to a consortium of investors in March<\/a> for EGP 710.16 mn. Attalla said CI Capital aims to increase its assets under management by 25% to EGP 10 bn this year and is planning a capital increase in 1Q2018. \u201cCI Capital also plans to launch a company in the fourth quarter of this year that will focus on funding microfinance projects, Attalla said.\u201d Head of Brokerage Karim Khadr said the investment bank is also in talks with a Saudi partner to execute transactions for foreign clients there directly and expects the agreement to close within a month. A similar agreement in the UAE is also expected to close in 4Q2017, Khadr adds, according to Al Borsa<\/a>. He notes<\/a> that CI Capital has applied for licences to allow it to execute trades in Abu Dhabi and Dubai. Attalla added that CI Capital is also looking to expand to South Africa within two years<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB has agreed to sell a 13.7% stake in CI Capital, CI Capital CEO Mahmoud Attalla said yesterday, according to Reuters. Attalla said agreements were reached to sell 10% to one local investor and 3.7% to another, without naming either of the buyers. CIB had completed the sale of 74.75% of CI Capital\u2019s shares to […]<\/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-647579","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f3e3771e-9cc0-40fa-8bc8-4b10c48a369d","order":"0","is_powered_by":true,"section_story_id":"db0f132a-de15-49f3-88b1-9f26e24d595b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647571],"teaser":"","voice_url":""},"yoast_head":"\nCIB agrees to sell 13.7% 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\/2017\/05\/15\/cib-agrees-to-sell-13-7-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=\"CIB agrees to sell 13.7% stake in CI Capital\" \/>\n<meta property=\"og:description\" content=\"CIB has agreed to sell a 13.7% stake in CI Capital, CI Capital CEO Mahmoud Attalla said yesterday, according to Reuters. Attalla said agreements were reached to sell 10% to one local investor and 3.7% to another, without naming either of the buyers. CIB had completed the sale of 74.75% of CI Capital\u2019s shares to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-15T03:32:23+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\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB agrees to sell 13.7% stake in CI Capital\",\"datePublished\":\"2017-05-15T03:32:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\",\"name\":\"CIB agrees to sell 13.7% stake in CI Capital - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-05-15T03:32:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB agrees to sell 13.7% 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":"CIB agrees to sell 13.7% 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\/2017\/05\/15\/cib-agrees-to-sell-13-7-stake-in-ci-capital\/","og_locale":"en_US","og_type":"article","og_title":"CIB agrees to sell 13.7% stake in CI Capital","og_description":"CIB has agreed to sell a 13.7% stake in CI Capital, CI Capital CEO Mahmoud Attalla said yesterday, according to Reuters. 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The sale reduces CIB\u2019s total stake in CI Capital to around 10%, as the bank had also sold 9.99% of its\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":650301,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/cib-completes-sale-of-74-75-of-ci-capital-el-monayer-says-stamp-duty-to-be-levied-on-mas\/","url_meta":{"origin":647579,"position":1},"title":"CIB completes sale of 74.75% of CI Capital, El Monayer says stamp duty to be levied on M&As","author":"enterpriseam admin","date":"21 March 2017","format":false,"excerpt":"CI Capital is off CIB\u2019s books: CIB announced it has executed the transfer of 74.75% of subsidiary CI Capital\u2019s shares to a consortium of investors and to CI Capital\u2019s management successfully for EGP 710.16 mn, according to a regulatory filing. 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