CI Capital Holding for Financial Investments’ (CICH) board of directors have approved the fully acquisition of Misr Capital’s shares in Misr Capital Brokerage and Lighthouse for Education Investment, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

CI Capital Holding will acquire 99,990 shares in Misr Capital Brokerage and 125,000 shares in Lighthouse.

It is worth noting that CI Capital Holding posted a 44% year-on-year (YoY) surge in consolidated profits excluding minority interest in 2021, recording EGP 681 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.