Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
27/06/2025 - 1:18 pm
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

CI Capital Concludes EGP 3.75bn Follow-on Sale of Telecom Egypt

«سي آي كابيتال» تعلن إتمام عملية طرح ثانوي لأسهم المصرية للاتصالات بـ3.75 مليار جنيه
  • 14/05/2023 - 11:28 am
  • write : Ali
  • Stock Exchange

Font size

A A
Share on FacebookShare on Twitter

 CI Capital (CICH.CA), the leading diversified financial services group in Egypt announced today the successful conclusion of an EGP 3.75bn follow-on sale of 162,171,802 shares of Telecom Egypt, representing 9.5% of its issued share capital.

The secondary offering was priced at EGP 23.11 per share, at Thursday’s 11 May closing market price, valuing Telecom Egypt at EGP 39.5bn.

CI Capital acted as Joint Financial Advisor and Bookrunner.

“We are very proud to have led this important transaction, part of the Egyptian government’s privatization program and further underscores that quality assets in attractive sectors like Telecom Egypt attract broad investor interest and appetite. The offering generated strong investor demand from international, regional, and domestic institutional and high-net-worth investors,” Stated Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital.

“The offering generated strong investor demand from international, regional, domestic institutional, and high-net-worth investors. The fact that the deal was pried at market rather than a discount reflects the quality of Telecom Egypt as perceived by investors,” Added Karim Khadr, managing director and head of ECM at CI Capital.

“This is our third transaction from the Government privatization program following the Abu Qir Fertilizers follow-on sale and the IPO of e-finance. Since 2014 CI Capital has executed more than 52% of Egypt’s equity capital markets transactions as Egypt’s leading diversified financial services group,” Concluded Gamal Olama, Managing Director of Investment Banking at CI Capital.

Tags: CI CapitalEgyptEgyptian governmentfinancial servicesinvestorTelecom Egypt

Short link:

RelatedPosts

Related Posts

OPPO تفتتح أول متجر Experience and Service Store في مصر 
Home

OPPO Opens First Experience and Service Store in Egypt

Beltone Leasing Secures $20 Million Loan to Boost Financial Inclusion and Sustainable Financing
Home

Beltone Leasing Secures $20 Million Loan to Boost Financial Inclusion and Sustainable Financing

سي آي كابيتال تفتح باب الاكتتاب في أول صندوق استثمار مصري للأسهم المستدامة
Home

CI Capital Opens Subscription for Egypt’s First Sustainable Equity Investment Fund

Kolagra Champions Women’s Wellness with Bold “More Confidence Every Day” Campaign
Home

Kolagra Champions Women’s Wellness with Bold “More Confidence Every Day” Campaign

زيدس تُطلق خدماتها للنقل الذكي بالسوق المصرية
Cars and transportation

Zed’s Launches Smart Mobility Services in the Egyptian Market

مؤتمر «صناع القرار» يختتم نسخته الخامسة بتوصيات للنهوض بأداء القطاع العقاري
Home

«Decision Makers» Conference concludes its fifth edition with recommendations to enhance the performance of the real estate sector

Next Post
صافى أرباح «الأهلي الكويتي – مصر» ترتفع 100% بنهاية الربع الأول 2023

Al Ahli Bank of Kuwait – Egypt achieved 100% Net Profit growth in the first Quarter of 2023

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by