Cairo – Mubasher: CI Capital Holding’s board has agreed to a scheme to bolster the company’s footprint in the financial non-banking sector.
CI Capital’s board approved the group’s estimated budget for 2019 but did not disclose its value or any further details about it, the company said in a statement to the Egyptian Exchange (EGX) on Monday.
The board also nodded to leasing CI Capital’s new headquarters in Sixth of October city instead of purchasing a new one in the Smart Village, the statement showed.
CI Capital last reported a consolidated profit surge of 140% to EGP 340.06 million, including minority shareholders’ rights, between January and September 2018 on the back of higher revenues versus EGP 144.4 million in the year-ago period.
The EGX-listed financial services company’s revenues jumped to EGP 1.7 billion in the nine months to September from EGP 1.15 billion in the same period of 2017.
