Commercial International Bank - Egypt (CIB) (COMI)

• Stock
• Company Profile
• News
• Announcements
• Fair Values
• Corporate Actions
• Earning Announcements
• News Reports
• Insider Trades
• Volume Statistics
• Financial Ratios
• IPOs
• Financial Statements
• Support and resistance
• More

News

21 March 2016 08:17 PM CIB shareholders endorse EGP8bn debt instruments issuance

By Ahmed Allam Cairo – Mubasher: Commercial International Bank (CIB) was cleared by shareholders, in an extraordinary general meeting held Monday, to issue nominal bonds and subordinated loans at a maximum value of EGP 8 billion (around $1 …

Corporate Actions

10 March 2016 01:36 PM CIB to discuss financial instruments issuance 21 March

Cairo -Mubasher: Egypt's Commercial International Bank (CIB) is planning to issue nominal bonds and subordinated loans at a maximum of EGP 8 billion ($1 billion) roughly, CIB said. The extraordinary general meeting, which will be held on 21 March, …

Corporate Actions

8 March 2016 10:49 AM Record date for CIB cash dividend 21 March

Cairo - Mubasher: Commercial International Bank (CIB) – Egypt said shareholders of record until 21 March would be entitled to its cash dividends of EGP 0.75 per share. The bank will start distributing the dividends as of 24 March. CIB’s …

General Assembly

6 March 2016 10:39 AM OTMT board approves EGP 924m credit facility to Beltone

Cairo – Mubasher: The board of directors of Orascom Telecom Media and Technology Holding (OTMT) approved financing through debt current accounts with a maximum of EGP 924m to Beltone Financial Holding. This move aims to allow Beltone to finalize …

Corporate Actions

29 February 2016 11:00 AM OTMT, CIB seek to finalise CI Capital deal in Q1

Cairo - Mubasher: Orascom Telecom Media and Technology Holding (OTMT) said Beltone Financial, a subsidiary, seeks to finalise the agreement to fully acquire CIB’s investment banking unit CI Capital before the end of the first quarter of 2016, …

Companies Investments

29 February 2016 10:44 AM OTMT’s Beltone signs purchase deal with CIB for unit’s shares

Cairo – Mubasher: Beltone Financial, a subsidiary of Orascom Telecom Media and Technology Holding (OTMT), has signed a share purchase agreement with Commercial International Bank (CIB), to buy 100% of CI Capital Holding. CI Capital is wholly owned …

Mergers and Acquisitions

28 February 2016 10:59 AM Egypt’s CIB appoints Hisham Ramez as managing director

Cairo-Mubasher: Egypt-based Commercial International Bank (CIB) has appointed former central bank governor Hisham Ramez as vice chairman and managing director, the lender said in a bourse statement Sunday. Ramez will oversee the overall business …

Management Decisions

15 February 2016 10:49 AM CIB accepts EGP 924m bid from OTMT for CI Capital

Cairo - Mubasher: Commercial International Bank (CIB) - Egypt said Monday that it has approved a binding offer from Orascom Telecom Media and Technology (OTMT) Holding to acquire 100% of CI Capital Holding (CI Capital), CIB's wholly owned …

Companies Investments

14 February 2016 11:53 PM CIB agrees to sell CI Capital to Sawiris

Cairo - Mubasher: Egypt’s biggest private-sector bank Commercial International Bank (CIB) has given the nod to sell its investment banking arm CI Capital. Egyptian business tycoon Naguib Sawiris made an initial offer worth EGP 910 million ($116.22 …

Mergers and Acquisitions

11 February 2016 10:59 AM CIB shareholders to discuss EGP 0.94/shr dividend 7 March

Cairo - Mubasher: Commercial International Bank - Egypt (CIB) said it will hold an ordinary general meeting on 7 March to discuss distributing dividends of EGP 860.3 million or EGP 0.94 per share for the fiscal year 2015. The bank earlier paid EGP …

Cash Dividends

11 February 2016 10:57 AM CIB's Q4 net profits rises 11%

Cairo - Mubasher: Commercial International Bank - Egypt (CIB) reported net income of EGP 1.15 billion, or EGP 0.87 per share for the fourth quarter of 2015, an increase of 11% y-o-y. The lender posted net income of EGP 1.03 billion, or EGP 1.14 …

Financial Results

8 February 2016 06:57 PM NBE drops bid to buy CIB’s unit

Cairo – Mubasher: Al Ahly Capital, the investment arm of National Bank of Egypt said Monday it decided to drop its bid to buy CIB’s subsidiary CI Capital, given the unfavorable conditions for submitting a nin-binding buy offer for 100% in the …

Companies Investments

8 February 2016 05:26 PM NBE offers to buy CIB unit for EGP 1bln

Cairo – Mubasher: The Commercial International Bank (CIB) said Monday it received a non-binding offer amounting to EGP 1 billion from the National Bank of Egypt to acquire 100% of its investment arm CI Capital. CIB pointed out the offer doesn’t …

Mergers and Acquisitions

8 February 2016 10:47 AM CIB board to review 2015 financial figures

Cairo – Mubasher: Commercial International Bank (CIB) – Egypt said it will hold board of directors meeting on 10 February to endorse the bank’s financial statements for 2015. CIB reported an increase of 32% in net profits for the first nine months …

Corporate Actions

5 February 2016 01:09 PM Egypt's CIB asks NBE to bid for subsidiary's takeover deal

Cairo-Mubasher: The Commercial International Bank –Egypt (CBI) asked NBE Capital to submit a non-binding offer to acquire its investment arm CI Capital. CIB received a letter on Thursday from NBE Capital, a subsidiary from the National Bank of …

Mergers and Acquisitions

5 February 2016 01:46 AM NBE vies for CIB's investment arm takeover

Cairo – Mubasher: A subsidiary of National Bank of Egypt (NBE) joined the race for the acquisition of CI Capital, the investment arm of Commercial International Bank – Egypt, Reuters cited a source at NBE as saying. NBE Capital submitted a buy …

Mergers and Acquisitions

3 February 2016 02:26 PM Okaz lowers CIB fair value to EGP 43.56

Cairo – Mubasher: Okaz Financial Investments said it reduced the fair value of CIB to EGP 43.56, putting forward a “Strong Buy” recommendation on the bank as it hiked up its capital and distributed bonus shares in 2015. Last September, CIB …

Stock Evaluations

19 January 2016 00:35 PM OTMT likely to finish due diligence of CIB's unit soon

Cairo – Mubasher: Orascom Telecom Media And Technology Holding (OTMT) is anticipated the due diligence examination of CI Capital Holding within the upcoming two weeks, said CI Capital Vice Chairman Mahmoud Atalla. OTMT seeks to acquire 100% of CI …

Companies Investments

14 January 2016 03:11 PM Egypt’s heaviest weight CIB plunges to 18-month low

Cairo – Mubasher: The stock of Commercial International Bank, the heaviest weight on Cairo bourse, plummeted Thursday to its lowest level in 18 months, as investors continued to dump the stock. Nearly half an hour before session-close, CIB stock …

Trading Activities

3 January 2016 11:12 AM CI Capital acquires CIB's stake in CorpLease

Cairo - Mubasher: CI Capital Holding acquired the stake of Commercial International Bank - Egypt (CIB)in CorpLease for EGP 133 million ($17 million), said a bourse filing. CI Capital Holding is CIB's wholly owned investment banking arm. CorpLease …

Mergers and Acquisitions

20 December 2015 07:18 PM MubasherTrade reiterates CIB’s PT at EGP52.3/shr, maintains Buy

Mubasher: The research team of MubasherTrade maintained its price target estimate for Commercial International Bank Egypt (CIB) at EGP52.3/share, implying a total expected return of 48%. It also maintained the recommendation for the bank at …

Ratings

17 December 2015 01:44 PM CIB gives green light to OTMT bid for investment arm

Cairo - Mubasher: Commercial International Bank (CIB) said it has hold a board of directors meeting on Thursday, where they discussed the non-binding offer it has received from the Orascom Telecom Media And Technology Holding (OTMT) to acquire …

Mergers and Acquisitions

17 December 2015 11:47 AM OTMT, CIB's stocks jump in early trade

Cairo - Mubasher: The stocks of both Commercial International Bank (CIB) and Orascom Telecom Media (OTMT) surged in Thursday's early trade after the announcement made by OTMT, that it seeks to acquire 100% of CIB's unit for nearly EGP 1 billion. …

Trading Activities

17 December 2015 10:49 AM OTMT seeks to acquire CIB's subsidiary

Cairo - Mubasher: Commercial International Bank (CIB) announced Thursday, it has received a non-binding offer from Orascom Telecom Media And Technology Holding (OTMT) to acquire 100% of CI Capital Holding. CI Capital is an investment-banking unit, …

Companies Investments

10 December 2015 10:31 AM NBK Capital adjusts Credit Agricole, CIB fair value

Cairo - Mubasher: NBK Capital MENA Research said it adjusted its fair value (FV) for Credit Agricole - Egypt to become EGP 30.4/shr instead of EGP 28.1/shr, to incorporate the 8.3% bonus shares (Ex. dividend date of 9 December). The lender's …

Stock Evaluations