Cairo – Mubasher: Commercial International Bank – Egypt’s (CIB) stock declined at Monday’s open after executing a sale deal on part of the bank’s ownership in CI Capital.
By 10:34am Cairo time, the stock dropped 0.64% to EGP 77.69, with a turnover of EGP 7.22 million.
CIB announced Monday that it has sold 74.75% of its stake in its subsidiary CI Capital Holding for EGP 710.158 million to a number of non-related Egyptian and Gulf investors.
