EGYPT – Banque Misr, one of Egypt’s national commercial banks has increased its ownership stake in CI Capital to 24.70 percent, making the bank the largest shareholder of the company. CI Capital Holding for Financial Investments (CICH) offers diversified non-banking financial solutions and services to a large base of clients. Chairman of Banque Misr Mohamed el Etribi in a statement explained that the move was in line with the Bank’s strategy to develop non-banking financial services that enable the bank to meet the financing needs of its clients. Mr. Etribi…
Read MoreBanque Misr increases stake in CI Capital to enhance provision of non-banking services to clients
