EGX okays listing capital increase of CI Capital

ArabFinance: The Egyptian Exchange's (EGX) listing committee approved listing capital increase shares of CI Capital Holding (CICH), according to the EGX disclosure on June 17^th.

The company will increase the issued and paid-up capital from EGP 800 million to EGP 1 billion, with an increase amounting to EGP 00 million. It will distribute 200 million shares at par value of EGP 1 per share - 0.25 free stock for every one held.

The holders and buyers of the share who will be recorded by the end of July 5^th are entitled to the share dividends.

The capital increase shares will be listed on the EGX database on July 6^th, the listing committee said.

posted a 17% Year on Year decline in its consolidated net profit for Quarter one (Q1) of 2020, according to the company’s May 18^th

The company posted a consolidated net profit reached EGP 101,859,285 in Q1 2020, a 17% decline EGP 122,958,619 achieved Q1 2019.

Nevertheless, standalone net profit reached EGP 171,808,551 in Q1 2020, a 144% climb from EGP 70,341,131 posted in Q1 2019.

CI Capital is an Egypt-based diversified financial services group. The company provides capital raising and mergers and acquisitions advisory, asset management, securities brokerage, custody, and research through its investment banking platform.

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