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Release regarding CI Capital

20/3/2017 12:00 AM

​​​With reference to the Bank’s release dated March 2nd , 2017 concerning the Egyptian Financial Supervisory Authority (EFSA) granting the bank its non-objection on a number of non-related Egyptian and Gulf investors for the sale of part of its ownership stake in CI Capital Holding (“CI Capital”), CIB would like to announce that today it has successfully executed the transfer of 74.75% of CICH’s shares at a transaction value amounting to EGP 710,158,453 with a total company value of EGP 950 Million, while retaining a minority stake of 25.24% of CI- Capital Holding for the time being. ​​