Company Name : Commercial International Bank (Egypt)
ISIN Code : EGS60121C018
Reuters Code : COMI.CA
Content:Commercial International Bank (CIB) and Al Arafa for Investments and Consultancies (Arafa Holding) announce the signing of the final agreements relating to CIB 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 LE 152 million for the purchased stake. Post-acquisition, Arafa will remain the major shareholder of Concrete with 52% stake.