Cairo For Investment And Real Estate Development (CIRA)

Cairo – Mubasher: Waha Investment Management Company has lowered its stake in Cairo for Investment and Real Estate Development (CIRA) to 2.81% from 5.03% for a total value of EGP 170.71 million. Waha Investment has sold 12.93 million shares in …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has successfully closed the first issue of Egypt’s first future flow securitisation multi-issuance programme The programme's first issue stood at EGP 800 million, according …

Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.05% from 4.41%. Waha Capital bought 3.75 million shares in CIRA at a total value of EGP 48.18 million, …

Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.03% from 4.97%. Waha Capital purchased 350,000 shares in CIRA at a total value of EGP 4.18 million, equivalent …

Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has allowed the Financial Group for Securitization to issue the first future flow securitisation multi-issuance programme at a value of EGP 2 billion.   The three-year programme will …

Cairo – Mubasher: The board of Cairo for Investment and Real Estate Development (CIRA) has approved the issuance of long-term nominal, tradable, non-convertible securitisation bonds of up to EGP 2 billion. With a cash return, the three-year bonds …

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved the terms and conditions of the medium-term loan contract with Ahli United Bank. Under the contract, the company will borrow EGP 375 …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) reported consolidated net profits of EGP 330.82 million in the fiscal year (FY) ended 31 August, up by 23.8% year-on-year (YoY) from EGP 267.25 million, including minority …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has signed a partnership and investment management agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt (NBE).  The two firms will …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has received approval from President Abdel Fattah El-Sisi for the establishment of Badr University in Assiut (BUA). The university, situated in Nasser City in West Assiut, …

Cairo – Mubasher: The ordinary general meeting (OGM) of Cairo for Investment and Real Estate Development (CIRA) approved a cash dividend of EGP 100 million for the year ended 31 August.  The company will pay EGP 0.1715 per share in cash dividends …

Cairo – Mubasher: The board of directors Cairo for Investment and Real Estate Development (CIRA) approved a cash dividend of EGP 100 million or EGP 0.17 per share for the year ended 31 August 2020.  The proposed dividends will be referred to the …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has received the cabinet's approval for the establishment of a private-sector university named Badr University in Assiut.  The university, situated in Nasser City, will …

Cairo – Mubasher: Cairo Egypt for Education (CEE), a consortium comprised of Cairo for Investment and Real Estate Development (CIRA) and Elsewedy Capital Holding, obtained a 58-acre land plot in New Damietta from the New Urban Communities …

Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA) achieved consolidated net profits of EGP 458.2 million in the nine-month period ended 31 May, up by 38.4% year-on-year (YoY) from EGP 330.9 million, including minority …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has submitted a request to purchase a land plot dedicated for service and educational activities in New Rashid City. Responding to news reports about a potential deal to …

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved the acquisition an additional stake of 20% in Star Light Educational DMCC, bringing its entire stake in the company to 80%. The board also …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) announced that it has acquired a land plot over an area of 11,184 square metres (sqm) in New Qena City. The land plot has been allocated for the establishment of a school …

Cairo – Mubasher: The consolidated net profits of Cairo for Investment and Real Estate Development (CIRA) rose by 9.97% year-on-year (YoY) to EGP 246.05 million in the six-month period ended 28 February, compared to EGP 223.734 million, including …

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved a decision to acquire a 51% stake in Innovvette for Education. The partnership covers the establishment and management of 25 child care …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) said that the Ministry of Education’s decision to cancel a 20% cap on foreign ownership of international schools in the country will have a positive impact on the company. …

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) reported net profits of EGP 118.6 million during the three-month period ended 30 November 2020, up by 12.03% year-on-year (YoY) from EGP 105.86 million. The company’s …

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Ijara Sukuk for Cairo for Investment and Real Estate Development (CIRA). The Sharia-compliant Sukuk will be offered for …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Cairo for Investment and Real Estate Development (CIRA) approved the issuance of Ijara Sukuk worth EGP 600 million for a maximum period of 48 months. The Ijara Sukuk, which is compliant …

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved a decision to issue Ijara Sukuk worth up to EGP 600 million. The issuance, still pending shareholder approval, will be managed by the …