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Cairo Investment asks to be exempted from foreign ownership limitation

Cairo Investment asks to be exempted from foreign ownership limitation

ArabFinance:  Based on the ministry of education's resolution to allow foreigners to request an exemption from foreign ownership limitations, Cairo Investment (CIRA) submitted to the ministry of education to get an exception over all of its expansions in the educational sector.

The ministry of education issued a resolution, no. 183-184/2019, to limit foreign ownership in companies that own private schools at a maximum of 20% of the company's share capital.

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