Cairo – Mubasher: Cairo Investment and Real Estate Development has announced that it would acquire 60% of the UAE’s Starlight Education DMCC.

The Egyptian company hired Fincorp Advisory to conduct the fair value study of the deal, according to a bourse statement released on Tuesday.

Cairo Investment’s net profit went up to EGP 148.43 million from September 2018 to February 2019, compared to EGP 113.95 million in the year-ago period.