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CIRA profit reaches EGP 425M in 9 months

CIRA profit reaches EGP 425M in 9 months

ArabFinance: Cairo for Investment and Real Estate Development posted a consolidated net profit before minority interest of EGP 425 million in the September-May period of the fiscal year (FY) 2020/2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year rise of 38.5% when compared to EGP 310 million in the 9-month period of FY 2019/2020.

CIRA is in talks with a syndicate of international banks to obtain financing for its planned applied technologies university, CEO Mohamed El Kalla said on June 20th.

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

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