Cairo – Mubasher: The board of CI Capital Holding has agreed to grant up to EGP 600 million backstop credit facilities to its subsidiaries.
Egypt's leading diversified financial services group aims to finance the working capital of its units by providing these loans, CI Capital added in a filing to the Egyptian Exchange (EGX) on Wednesday.
Moreover, the board will buy a new head office for the company in Smart Village.
Earlier this day, CI Capital reported an 87.9% year-on-year growth in consolidated profit for the first half of 2018, recording a net profit of EGP 182.95 million, versus EGP 97.32 million, including minority shareholders’ rights.
