Cairo – Mubasher: The Abraaj Group has sold its 35% stake in Cairo for Investment & Real Estate Development Co for Social Impact company owned by businessman Hassan El-Qula's family.

Cairo Investment is considering to re-list its shares on the Egyptian Exchange (EGX), chairman Hassan El-Qula told Almal News.

Further details regarding the initial public offering (IPO) will be unveiled next September, the chairman added.

The Abraaj Group will postpone the IPO or sale of its hospitals in North Africa to next October, sources told Bloomberg News last week.

The Emirati group owns a number of hospitals and clinics in Egypt, Tunisia, and Morocco at a total value of $500 million.