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CIRA to obtain EGP 375M from Ahli United Bank

CIRA to obtain EGP 375M from Ahli United Bank

ArabFinance: Cairo for Investment and Real Estate Development (CIRA) will borrow an EGP 375 million from Ahli United Bank to finance fresh investments, according to the company’s statement to the Egyptian Exchange.

Earlier this week, the company’s board of directors approved the decision.

No further details or information were provided in the disclosure.

It is worth noting that the company posted a consolidated net profit attributable to the parent company of EGP 330.81 million for the year ended August 31st, 2021, up from EGP 254.76 million in the previous year.

CIRA is an Egypt-based company, operating in the investment field across diversified sectors, including education, construction and real estate, health care, information technology, and support services.

 

 

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