< Arab Finance - News - CIRA obtains FRA approval for EGP 600M sukuk issuance
Count Down to relaunch



CIRA obtains FRA approval for EGP 600M sukuk issuance

CIRA obtains FRA approval for EGP 600M sukuk issuance

ArabFinance: Cairo for Investment and Real Estate Development (CIRA) obtained the go-ahead from the Financial Regulatory Authority (FRA) on shariah-compliant sukuk issuance of EGP 600 million, according to a statement released on December 29th.

Earlier, CIRA's board gave the approval to hire EFG Hermes Sukuk, a subsidiary of EFG Hermes, for the issuance.  

The move would be the third corporate sukuk issuance in Egypt, following Talaat Moustafa Group Holding’s EGP 2 billion offering in April, and Sarwa Capital’s awaited EGP 2.5 billion sukuk. 

CIRA is engaged in the investment in diversified sectors, including education, construction and real estate, health care, information technology, and support services.

#Related keywords

'

Recommended Stocks

13 Jun 2022
Delta Sugar SUGR
Close
10.81
Change
00.46
Hold

All rights reserved to Arab Finance 2020 ©

Back to top