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Cairo Investment approves Star Light’s fair value at EGP 18.5/share

Cairo Investment approves Star Light’s fair value at EGP 18.5/share

ArabFinance: Cairo Investment and Real Estate Development’s (CIRA) board of directors (BoD), that convened on September 1, approved the fair value study that was conducted by Fincorp, the independent financial advisor, for Star Light Educational DMCC.

FinCorp has set the fair value for Star Light Educational DMCC at EGP 18.476 per share.

The EGX-listed firm’s board has also approved acquiring 60% of Star Light’s capital, that indirectly owns the British Columbia Canadian School at a maximum total value of EGP 100 million.

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