Cairo For Investment And Real Estate Developments-CIRA Education (CIRA)

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News

19 January 2025 05:37 PM CIRA’s majority shareholder acquires 37.5% additional equity, backs regional expansion

Cairo – Mubasher: Social Impact Capital, the majority shareholder of 51.20% in Cairo for Investment and Real Estate Development (CIRA Education), is in the process of acquiring an additional 37.50% stake in CIRA through a mandatory takeover offer …

Mergers and Acquisitions

14 January 2025 06:48 PM CIRA Education launches Middle East’s 1st initiative for care economy

Cairo – Mubasher: Cairo for Investment and Real Estate Developments (CIRA Education) has launched CIRA Care to be the first initiative in the Middle East dedicated to revolutionising the care economy. The transformative project focuses on …

Companies Investments

2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included

Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …

Global Economy

3 July 2024 02:07 PM Egypt's sovereign fund, Al Ahly CIRA seal deal to launch 4 int’l universities

Cairo – Mubasher: Egypt Education Development Fund, a sub-fund of The Sovereign Fund of Egypt’s (TSFE), has signed a shareholders’ agreement with and Al Ahly CIRA for Educational Services to establish a new company to develop four new …

Companies Investments

9 June 2024 02:15 PM Madinet Masr, CIRA Education introduce Project Kayan in Taj City

Cairo – Mubasher: Madinet Masr Housing and Development has announced Project Kayan in collaboration with Lemania Swiss International School (LSIS), managed by CIRA Education’s subsidiary Eduhive, and Klub Kayan, operated by Blue Ribbon in Taj …

Real estate

26 December 2022 11:24 AM Waha Investment cuts stake in CIRA for EGP 170.7m

Cairo – Mubasher: Waha Investment Management Company has lowered its stake in Cairo for Investment and Real Estate Development (CIRA) to 2.81% from 5.03% for a total value of EGP 170.71 million. Waha Investment has sold 12.93 million shares in …

Mergers and Acquisitions

6 November 2022 10:59 AM CIRA closes 1st issue of future flow securitisation multi-issuance programme at EGP 800m

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has successfully closed the first issue of Egypt’s first future flow securitisation multi-issuance programme The programme's first issue stood at EGP 800 million, according …

Real estate

31 October 2022 09:28 AM Waha Capital ups stake in CIRA for EGP 48.18m

Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.05% from 4.41%. Waha Capital bought 3.75 million shares in CIRA at a total value of EGP 48.18 million, …

Real estate

13 October 2022 00:10 PM Waha Capital buys 350K shares in CIRA

Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.03% from 4.97%. Waha Capital purchased 350,000 shares in CIRA at a total value of EGP 4.18 million, equivalent …

Companies Investments

27 July 2022 03:44 PM Egypt’s FRA approves 1st future flow securitisation programme at EGP 2bn

Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has allowed the Financial Group for Securitization to issue the first future flow securitisation multi-issuance programme at a value of EGP 2 billion.   The three-year programme will …

Bonds

9 June 2022 01:17 PM CIRA to issue EGP 2bn securitisation bonds

Cairo – Mubasher: The board of Cairo for Investment and Real Estate Development (CIRA) has approved the issuance of long-term nominal, tradable, non-convertible securitisation bonds of up to EGP 2 billion. With a cash return, the three-year bonds …

Companies Investments

15 November 2021 03:58 PM CIRA decides to borrow EGP 375m from Ahli United Bank

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved the terms and conditions of the medium-term loan contract with Ahli United Bank. Under the contract, the company will borrow EGP 375 …

Corporate Actions

8 November 2021 00:43 PM CIRA's annual profit rises 24%

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) reported consolidated net profits of EGP 330.82 million in the fiscal year (FY) ended 31 August, up by 23.8% year-on-year (YoY) from EGP 267.25 million, including minority …

Financial Results

24 October 2021 11:58 AM CIRA, Al Ahly Capital Holding ink deal to set up new educational services firm

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has signed a partnership and investment management agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt (NBE).  The two firms will …

Companies Investments

6 October 2021 10:42 AM CIRA obtains presidential approval to launch Badr University in Assiut

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has received approval from President Abdel Fattah El-Sisi for the establishment of Badr University in Assiut (BUA). The university, situated in Nasser City in West Assiut, …

Company News

22 September 2021 11:55 AM CIRA to distribute EGP 100m dividend, borrow EGP 260m for future projects

Cairo – Mubasher: The ordinary general meeting (OGM) of Cairo for Investment and Real Estate Development (CIRA) approved a cash dividend of EGP 100 million for the year ended 31 August.  The company will pay EGP 0.1715 per share in cash dividends …

Cash Dividends

26 August 2021 11:17 AM CIRA's board approves EGP 100m dividends

Cairo – Mubasher: The board of directors Cairo for Investment and Real Estate Development (CIRA) approved a cash dividend of EGP 100 million or EGP 0.17 per share for the year ended 31 August 2020.  The proposed dividends will be referred to the …

Cash Dividends

19 August 2021 03:54 PM CRA gets cabinet's approval on Badr University in Assiut

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has received the cabinet's approval for the establishment of a private-sector university named Badr University in Assiut.  The university, situated in Nasser City, will …

Companies Investments

18 August 2021 11:34 AM CIRA, Elsewedy Capital to build EGP 2.5bn university in New Damietta

Cairo – Mubasher: Cairo Egypt for Education (CEE), a consortium comprised of Cairo for Investment and Real Estate Development (CIRA) and Elsewedy Capital Holding, obtained a 58-acre land plot in New Damietta from the New Urban Communities …

Companies Investments

15 July 2021 00:17 PM CIRA's profit rises 38% in nine months on higher revenue

Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA) achieved consolidated net profits of EGP 458.2 million in the nine-month period ended 31 May, up by 38.4% year-on-year (YoY) from EGP 330.9 million, including minority …

Financial Results

9 June 2021 04:26 PM CIRA to buy land for new school in New Rashid City

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has submitted a request to purchase a land plot dedicated for service and educational activities in New Rashid City. Responding to news reports about a potential deal to …

Companies Investments

27 May 2021 01:24 PM CIRA to raise ownership in Star Light, acquire stake in Global Furniture

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved the acquisition an additional stake of 20% in Star Light Educational DMCC, bringing its entire stake in the company to 80%. The board also …

Companies Investments

17 May 2021 04:58 PM CIRA acquires land to build new school in New Qena City

Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) announced that it has acquired a land plot over an area of 11,184 square metres (sqm) in New Qena City. The land plot has been allocated for the establishment of a school …

Companies Investments

15 April 2021 02:21 PM CIRA logs EGP 246m profit in six months

Cairo – Mubasher: The consolidated net profits of Cairo for Investment and Real Estate Development (CIRA) rose by 9.97% year-on-year (YoY) to EGP 246.05 million in the six-month period ended 28 February, compared to EGP 223.734 million, including …

Financial Results

24 January 2021 05:54 PM CIRA acquires 51% of Innovvette for Education

Cairo – Mubasher: The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved a decision to acquire a 51% stake in Innovvette for Education. The partnership covers the establishment and management of 25 child care …

Companies Investments