{"id":650103,"date":"2017-03-16T04:05:06","date_gmt":"2017-03-16T04:05:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/60-65-of-ci-capital-to-be-sold-final-investor-lineup-announced\/"},"modified":"2017-03-16T04:05:06","modified_gmt":"2017-03-16T04:05:06","slug":"60-65-of-ci-capital-to-be-sold-final-investor-lineup-announced","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/60-65-of-ci-capital-to-be-sold-final-investor-lineup-announced\/","title":{"rendered":"60-65% of CI Capital to be sold, final investor lineup announced"},"content":{"rendered":"

When all is said and done, CIB will sell 60-65% of CI Capital for total consideration of <\/strong>EGP 570 mn,<\/strong> unnamed sources close to the transaction tell Al Borsa<\/a>. Arafa Group\u2019s Alaa Arafa and Ismail El Turk, the Saudi owner of Habitat Furniture, will reportedly hold the largest stakes of any member of the acquiring consortium, the sources say, without clarifying exact figures. Tiba Group\u2019s Saddiq Afifi, who said he was looking to acquire a 10% stake<\/a> in the investment bank after previously announcing<\/a> he was backing out of the transaction, is reportedly only getting his hands on 5%. Former Zamalek football club chairman Mamdouh Abbas and Compass Capital\u2019s Shamel Aboulfadl remain out of the consortium of buyers. The transaction \u2014 which the Egyptian Financial Supervisory Authority gave the greenlight to earlier this month<\/a> \u2014 is expected to be completed in around two weeks\u2019 time.<\/p>\n","protected":false},"excerpt":{"rendered":"

When all is said and done, CIB will sell 60-65% of CI Capital for total consideration of EGP 570 mn, unnamed sources close to the transaction tell Al Borsa. Arafa Group\u2019s Alaa Arafa and Ismail El Turk, the Saudi owner of Habitat Furniture, will reportedly hold the largest stakes of any member of the acquiring […]<\/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-650103","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"86a79b87-8aed-4296-97d3-de8f120210b5","order":"0","is_powered_by":true,"section_story_id":"a8ae28c1-98d8-4f8f-b283-4c228bbc614c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650088],"teaser":"","voice_url":""},"yoast_head":"\n60-65% of CI Capital to be sold, final investor lineup announced - 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\/03\/16\/60-65-of-ci-capital-to-be-sold-final-investor-lineup-announced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"60-65% of CI Capital to be sold, final investor lineup announced\" \/>\n<meta property=\"og:description\" content=\"When all is said and done, CIB will sell 60-65% of CI Capital for total consideration of EGP 570 mn, unnamed sources close to the transaction tell Al Borsa. 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The transaction gave CI Capital a valuation of EGP 950\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":651317,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/ci-capital-acquisition-nearing-the-end-efsa-to-finish-review-soon\/","url_meta":{"origin":650103,"position":1},"title":"CI Capital acquisition nearing the end, EFSA to finish review \u201csoon\u201d","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"CI Capital sale to wrap soon? The Egyptian Financial Supervisory Authority (EFSA) should finish going over the details of CIB\u2019s sale of 70-80% of its investment banking arm CI Capital \u201csoon,\u201d sources close to the matter tell Al Borsa, which puts the total transaction value at c. EGP 950 mn.\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":649610,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/efsa-greenlights-ci-capital-sale\/","url_meta":{"origin":650103,"position":2},"title":"EFSA greenlights CI Capital sale","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has given the green light to the sale of CI Capital to a consortium of investors, according to a disclosure from CIB. CIB says EFSA said it had no objection to a number of investors with whom the bank had inked sale and purchase\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":649525,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/saddiq-afifi-and-mamdouh-abbass-back-out-of-ci-capital-sale\/","url_meta":{"origin":650103,"position":3},"title":"Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"Saddiq Afifi and Mamdouh Abbass back out of CI Capital sale: Tiba Group\u2019s Saddiq Afifi and former Zamalek football club chairman Mamdouh Abbass have reportedly backed out of a consortium that is looking to acquire investment bank CI Capital, citing \u201closs of interest\u201d and \u201cpersonal reasons\u201d as the cause, Al\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":600457,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/30\/alaa-arafa-sells-his-stake-in-ci-capital\/","url_meta":{"origin":650103,"position":4},"title":"Alaa Arafa sells his stake in CI Capital","author":"enterpriseam admin","date":"30 January 2019","format":false,"excerpt":"M&A WATCH- Alaa Arafa exits CI Capital: Businessman and Arafa Holding boss Alaa Arafa sold his last shares in investment bank CI Capital on Monday, CI Capital said in a regulatory filing (pdf). Arafa held a 1.88% stake before the last sale. Arafa initially bought a 9.9% stake from CIB\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":647140,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/ci-capitals-new-post-sale-board-of-directors-to-convene-on-11-may\/","url_meta":{"origin":650103,"position":5},"title":"CI Capital\u2019s new post-sale board of directors to convene on 11 May","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"CI Capital\u2019s new board of directors will meet on Thursday, 11 May for the first time since CIB sold a majority stake to a consortium of investors, Deputy Chairman and CEO Mahmoud Attallah told Youm7. Arafa Group boss Alaa Arafa, real estate developer Mahmoud El Gammal, businessman Ayman Mamdouh Abbas,\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650103","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=650103"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650103\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650088"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650103"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650103"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}