SNG: Egypt: Alpha Oryx lowers stake in CIB for $146mln
RefinitivLess than 1 min read
First published: 13-Oct-2025 11:03:10
Staff Writer
Cairo - Alpha Oryx Limited cut its equity ownership in Commercial International Bank Egypt (CIB) to 15.67% from 18.06%, according to a bourse statement.
Alpha Oryx sold 73.50 million shares in CIB at a value of EGP 7.09 billion and an average price of EGP 96.50 per share.
EFG Hermes International Securities Brokerage was the broker for the transaction that was executed on 8 October 2025.
In the January-June 2025 period, CIB recorded consolidated net profits after tax valued at EGP 33.34 billion, up year-on-year (YoY) from EGP 27.54 billion.
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