​In reference to an announcement published in the media regarding the potential acquisition of CI-Capital holding (A CIB wholly owned subsidiary) by Al Ahly Capital Holding upon completion of a due diligence process, CIB would like to clarify that we have only received a written expression of interest that did not include a non-binding offer nor indicative price.

As we have already received a non-binding offer from a potential buyer which was disclosed on December 17th, 2015, accordingly, we highlighted to the interested party that they are requested to sign a Non- Disclosure Agreement and to present a non-binding offer in order for us to discuss the matter internally prior proceeding with a due diligence process in line with common practices in similar transactions.
As such, CIB will make an announcement to the market in case of any further developments.