Release from Al Arafa Investment and Consulting (AIVC.CA) Concerning Signing an Agreement with CIB
Release from Commercial International Bank (?CIB?) and Al Arafa for Investments and Consultancies (?Arafa Holding?) announcing the signing of the final agreements relating to CIB?s purchase of a 38% secondary stake in Concrete for Ready-Made Garments S.A.E. (?Concrete?), a subsidiary of Arafa Holding, at a total deal size of EGP 152 million for the purchased stake. Post-acquisition, Arafa will remain the major shareholder of Concrete with 52% stake.
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