Latest news with #CI_Capital
Zawya
a day ago
- Business
- Zawya
CI Capital's subsidiary launches Egypt's 1st sustainable equity fund Misr Green
Arab Finance: CI Capital Asset Management, a subsidiary of CI Capital Holding, has launched Egypt's first open-ended sustainable equity fund, Misr Green – Sustainability (ESG) Fund, as per an emailed press release. The fund, which will be the first sustainable fund offered on Egyptian banking platforms, opens for subscription on Wednesday, June 18 th, through CI Capital Securities Brokerage as the receiving entity. Meanwhile, the purchases and redemptions will be implemented through Banque Misr. It aims to invest in the 30 best-performing listed companies on the Egyptian Exchange (EGX) across a diversified range of sectors, including financial services, industrials, healthcare, consumer goods, and real estate. The fund targets sustainable companies, achieving a return that reflects the index's performance with a correlation coefficient of at least 90%, taking into account tracking error. The Misr Green – Sustainability (ESG) Fund is an open-ended ESG index tracker fund that invests in the 30 best-performing listed companies on the Egyptian Exchange (EGX), selected for their leadership in environmental, social responsibility, and governance (ESG) standards across a diversified range of sectors. Amr Abol Enein, CEO and Managing Director of CI Capital Asset Management, commented: 'The launch of the Misr Green Sustainability (ESG) Fund is a new chapter in our ongoing effort to offer innovative, impact-driven investment products to both institutional and individual investors.' The launch aligns with CI Capital's growth plans to introduce new investment solutions to meet the evolving needs of both institutional and individual investors within the local market and abroad. Misr Green – Sustainability (ESG) Fund is the company's third index-tracking product following its equity fund tracking the EGX30 Capped index, 'Misr Equity', in October 2022, and 'Misr Shariah Equity' that tracks the EGX 33 Shariah index. This also follows the recent launches of its sector equity fund and the USD fixed-income fund. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-05-2025
- Business
- Zawya
Egypt: CI Capital's logs $7mln consolidated profits in Q1 2025
Arab Finance: CI Capital Holding for Financial Investments' (CICH) consolidated net profits attributable to the parent company plunged 59.41% year on year (YoY) in the first quarter (Q1) of 2025 to EGP 381.352 million from EGP 939.463 million, as per a filing. Operating revenues grew to EGP 2.129 billion in the first three months of the year from EGP 1.495 billion in the corresponding quarter a year earlier. At the level of the standalone financial statement, the company recorded net profits after tax of EGP 627.066 million in Q1 2025, rising from EGP 456.227 million in Q1 2024. Meanwhile, standalone operating revenues grew to EGP 14.538 million from EGP 16.821 million. CI Capital is a diversified financial services group, which provides advisory on capital raising as well as mergers and acquisitions, in addition to asset management, securities brokerage, custody, and research through its investment banking platform. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
30-05-2025
- Business
- Zawya
Egypt: CI Capital's profits cross $7mln in Q1-25
Cairo – CI Capital Holding for Financial Investments generated consolidated net profits after tax valued at EGP 345.21 million in the first quarter (Q1) of 2025, versus EGP 999.02 million. Total revenues dropped to EGP 2.44 billion at the end of March 2025 from EGP 2.86 billion in Q1-24. Non-consolidated net profits after tax jumped to EGP 672.06 million in Q1-25 from EGP 451.22 million a year earlier, while the earnings per share (EPS) EGO 0.56 from EGP 0.41. Mahmoud Attalla, the Group's Executive Vice Chairman and Managing Director, said: 'CI Capital continues to expand its financial portfolio by a 15% increase YoY, reaching EGP 23.70 billion, reflecting its diversified business model and further cementing its leadership within the Egyptian market' CI Capital's Group CEO Hesham Gohar, mentioned: 'CI Capital, driven by the strength of its core operations, after excluding the impact of foreign exchange, recorded a 54% YoY increase in normalized net profit after tax and minority interest (NPATM), while revenues—on the same basis—rose by 35%.' Last year, the EGX-listed firm posted lower net profits at EGP 2.22 billion, versus EGP 1.07 billion in 2023.
Zawya
29-05-2025
- Business
- Zawya
Fawry MSME Finance closes first securitized bond issuance at $10mln
Cairo – Fawry MSME Finance, a fully owned subsidiary of Fawry for Banking Technology and Electronic Payments, completed its first securitization issuance at a value of EGP 497.50 million, according to a press release. CI Capital served as the financial advisor, arranger, issuance manager, and bookrunner for the transaction, which aligns with the unit's objectives to support the growing demand for credit among Egypt's MSME sector. The bond issuance is approved by the Financial Regulatory Authority (FRA) and rated 'A-' by Middle East Ratings and Investor Services (MERIS). The offering was structured as a single tranche totaling EGP 497.50 million with a tenor of 13 months. Alexander Levchenko, CEO of Fawry MSME Finance, said: 'This securitization is a strategic step in our mission to scale our lending operations and provide greater access to finance for MSMEs across Egypt.' Amr Helal, CEO of the Investment Bank (Sell-Side) at CI Capital, noted: 'The success of this issuance reflects CI Capital's ongoing efforts to reinforce its leadership position in financial services, as well as its ability to develop capital ecosystem by bringing new clients to the debt markets.' Ashraf Sabry, CEO of Fawry, commented: "Achieving an A-rating from MERIS in our first issuance is a testament to the credibility of our underwriting practices and the strength of our portfolio. It also signals growing market confidence in the MSME lending space." As of 31 March 2025, FAWRY's net profits after tax and non-controlling interest (NCI) hiked by 97.10% year-on-year (YoY) to EGP 605.37 million from EGP 307.09 million.
Zawya
28-05-2025
- Business
- Zawya
CI Capital successfully concludes the first securitization bond issuance for Fawry MSME Finance with a total value of EGP497.5mln
Cairo, CI Capital ( the leading diversified financial services group, announced today the successful conclusion a securitized bond issuance worth a total of EGP 497.5 million for Capital for Securitization, in which Fawry MSME Finance is the originator and assignor of the portfolio. Fawry's issuance, which received an investment grade A- rating from Middle East Ratings and Investor Services (MERIS), was issued as a single tranche with a value of EGP 497.5mn and a tenor of 13 months. Amr Helal, CEO of the Investment Bank (Sell-Side) commented: 'This landmark transaction marks the first-ever securitized bond issuance for Fawry Microfinance. It stands as a powerful testament to CI Capital's long-term vision of empowering companies with access to sustainable financing solutions that support their growth ambitions. We remain deeply committed to playing a leading role in advancing Egypt's debt capital markets and promoting securitization as a dynamic financing tool that fosters the development of both productive and service-oriented sectors—especially the rapidly growing microfinance space.' Helal further added: 'We are proud of such a strategic partnership with Fawry, a leading player in Egypt's non-banking financial services sector. This issuance represents a significant milestone in our ongoing collaboration, reflecting the deep mutual trust between our institutions. It also underscores CI Capital's proven ability to structure and deliver complex, market-responsive transactions tailored to meet the evolving needs of our clients.' Moreover, Helal commended the significant efforts of CI Capital's debt capital markets team, as well as all parties involved in the successful completion of this issuance. Mohamed Abbas, Executive Director - Head of the Debt Capital Markets at CI Capital, expressed his pride for completing the first securitized bond issuance for Fawry Microfinance. He noted that this issuance is part of CI Capital's broader strategy to attract new companies to the local debt capital markets. Abbas reflected on the valuable partnership between CI Capital and Fawry Microfinance, which will lead to further fruitful collaboration, contributing to the company's notable growth in the non-banking financial services sector. CI Capital acted as the financial advisor, lead arranger, issuance manager, and bookrunner, while EG Bank acted as the custodian, Russel Bedford as the issuance's auditor, and Maatouk Bassiouny & Hennawy as the legal advisor. About CI Capital Holding for Financial Investments CI Capital Holding for Financial Investments is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 3500 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
