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Share price 15 Apr 2009 20.28 dhs
Price/earnings (annualised)
Latest report CIB 2008 M9 report
Stock market Abu Dhabi Securities Exchange
Founding date 06 Apr 1975 Listing date 29 Nov 2004
Auditor KPMG Hazem Hassan, and E & Y Allied for Accounting & Auditing
Chairman of CIB Amen Hesham Eiz Al Arab
CEO of CIB Hisham Hassan (GM)
Foreign ownership limit Maximum 100%
Total shares outstanding 292,500,000
Market capitalisation (AED) 5,931,900,000
Par value EGP 10 per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for CIB orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
CIB reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
CIB 2008 Q3 13 Nov 2008 204m 0.70 2.78 20.28 7.3 1.7 22.8% 31.2%
CIB 2008 Q2 13 Aug 2008 348m 1.78 7.14 33.25 4.7 1.9 41.8% 59.8%
CIB 2008 Q1 15 May 2008 294m 1.51 6.04 54.00 8.9 3.5 39.7% 50.9%
CIB 2007 FY 25 Feb 2008 0.86bn 4.40 4.40 53.00 12.0 3.5 29.3% 42.9%
CIB 2007 Q3 12 Nov 2007 187m 0.96 3.83 53.00 13.8 3.8 27.7% 36.0%
Share price 15 Apr 2009 20.28 dhs
Price/earnings (annualised)
Latest report CIB 2008 M9 report
Stock market Abu Dhabi Securities Exchange
Founding date 06 Apr 1975 Listing date 29 Nov 2004
Auditor KPMG Hazem Hassan, and E & Y Allied for Accounting & Auditing
Chairman of CIB Amen Hesham Eiz Al Arab
CEO of CIB Hisham Hassan (GM)
Foreign ownership limit Maximum 100%
Total shares outstanding 292,500,000
Market capitalisation (AED) 5,931,900,000
Par value EGP 10 per share
Dividends for 2014 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for CIB orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
CIB reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
CIB 2008 Q3 13 Nov 2008 204m 0.70 2.78 20.28 7.3 1.7 22.8% 31.2%
CIB 2008 Q2 13 Aug 2008 348m 1.78 7.14 33.25 4.7 1.9 41.8% 59.8%
CIB 2008 Q1 15 May 2008 294m 1.51 6.04 54.00 8.9 3.5 39.7% 50.9%
CIB 2007 FY 25 Feb 2008 0.86bn 4.40 4.40 53.00 12.0 3.5 29.3% 42.9%
CIB 2007 Q3 12 Nov 2007 187m 0.96 3.83 53.00 13.8 3.8 27.7% 36.0%

CIB opinion, news, reports, researchTop

CIB latest news (links open in new window)Top

News Item

MIDEAST STOCKS-Saudi Arabia, Egypt rise after oil's rally, MSCI news Reuters Africa DUBAI, June 10 ( Reuters ) - Saudi Arabia's stock market rose in early trade on Wednesday after oil prices firmed and index compiler MSCI took a step -- although not as decisive as some had hoped -- towards including the kingdom in its widely used ... and more » More ...


News Item

Citi Egypt retail unit will grow CIB share of plastic money by 33 pct -CEO Reuters Africa CAIRO, June 9 ( Reuters ) - Commercial International Bank 's purchase of Citigroup's consumer banking business in Egypt will grow its market share of plastic money by 33 percent, the bank's chief executive said on Tuesday. Hisham Ezz al-Arab told Reuters ... and more » More ...


News Item

Commercial International Bank to buy Citi's Egypt retail business The National Hisham Ezz Al Arab, CIB 's chairman and managing director, told Reuters that the acquisition would add 80,000 credit card holders to CIB 's existing 240,000 and grow the bank's consumer lending business by 10 per cent. Amid more restrictive regulation ... and more » More ...


News Item

Egypt lender CIB to buy Citi's Egypt retail business Reuters Africa DUBAI, June 9 ( Reuters ) - Commercial International Bank ( CIB ) has signed an agreement to purchase Citigroup's consumer banking business in Egypt, the North African country's largest listed lender said on Tuesday. The deal was subject to regulatory ... and more » More ...


News Item

UPDATE 2-MIDEAST STOCKS-Rebounding oil supports Saudi Arabia; Egypt ... Reuters Commercial International Bank , Egypt's biggest listed lender, rose 1.6 percent and was the main support. Other blue chips were also positive. Property firm Talaat Moustafa Group climbed 1.6 percent and investment bank EFG Hermes added 0.5 percent. and more » More ...


News Item

S&P boosts outlook for Egyptian banks The National S&P at the same time affirmed its B-C long- and short-term ratings for the three banks – National Bank of Egypt, Banque Misr and Commercial International Bank . The ratings might eventually be subject to an upgrade, the agency said. 'The positive ... and more » More ...


News Item

MIDEAST STOCKS-Saudi slips on weak oil; Egypt edges up Reuters Africa Heavyweight Commercial International Bank rose 1.9 percent but Telecom Egypt dropped 3.1 percent. Index compiler MSCI excluded Telecom Egypt from its emerging markets index this month and passive funds tracking that benchmark are likely to be ... and more » More ...


News Item

MIDEAST STOCKS-Saudi Arabia flat, Egypt inches down Reuters Africa ... percent as most stocks fell. Heavyweight Commercial International Bank slipped 0.2 percent and property firm Talaat Moustafa Group fell 0.9 percent. (Reporting by Olzhas Auyezov; Editing by Andrew Torchia). © Thomson Reuters 2015 All rights ... and more » More ...


News Item

UPDATE 2-MIDEAST STOCKS-Saudi Arabia flat, Egypt inches down Reuters (Updates with Saudi Arabia, Egypt open). DUBAI May 27 ( Reuters ) - Stock markets in Saudi Arabia and Egypt moved very little in early trade on Wednesday, lacking strong catalysts. Brent crude has risen 1.1 percent to $64.42 per barrel on Wednesday but ... and more » More ...


News Item

Field of bidders narrows for Citigroup's Egyptian retail business Reuters Africa DUBAI ( Reuters ) - The number of banks in the running to buy Citigroup's consumer business in Egypt has fallen as the bidding process enters its final stages, banking sources said. Bids from at least three banks are believed to still be under ... More ...


Newsfeed from Google News. See also latest UAE market news.

CIB opinion, news, reports, researchTop

CIB Egypt financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
CIB First Quarter   2005Q1 2006Q1 2007Q1 2008Q1
CIB Second Quarter   2005Q2 2006Q2 2007Q2 2008Q2
CIB Third Quarter   2005Q3 2006Q3 2007Q3  2008Q3
CIB Preliminary FY Report 2004PR 2005PR 2006PR  2007PR   
CIB Final Annual Report 2004FY 2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

CIB latest news (links open in new window)Top

News Item

MIDEAST STOCKS-Saudi Arabia, Egypt rise after oil's rally, MSCI news Reuters Africa DUBAI, June 10 ( Reuters ) - Saudi Arabia's stock market rose in early trade on Wednesday after oil prices firmed and index compiler MSCI took a step -- although not as decisive as some had hoped -- towards including the kingdom in its widely used ... and more » More ...


News Item

Citi Egypt retail unit will grow CIB share of plastic money by 33 pct -CEO Reuters Africa CAIRO, June 9 ( Reuters ) - Commercial International Bank 's purchase of Citigroup's consumer banking business in Egypt will grow its market share of plastic money by 33 percent, the bank's chief executive said on Tuesday. Hisham Ezz al-Arab told Reuters ... and more » More ...


News Item

Commercial International Bank to buy Citi's Egypt retail business The National Hisham Ezz Al Arab, CIB 's chairman and managing director, told Reuters that the acquisition would add 80,000 credit card holders to CIB 's existing 240,000 and grow the bank's consumer lending business by 10 per cent. Amid more restrictive regulation ... and more » More ...


News Item

Egypt lender CIB to buy Citi's Egypt retail business Reuters Africa DUBAI, June 9 ( Reuters ) - Commercial International Bank ( CIB ) has signed an agreement to purchase Citigroup's consumer banking business in Egypt, the North African country's largest listed lender said on Tuesday. The deal was subject to regulatory ... and more » More ...


News Item

UPDATE 2-MIDEAST STOCKS-Rebounding oil supports Saudi Arabia; Egypt ... Reuters Commercial International Bank , Egypt's biggest listed lender, rose 1.6 percent and was the main support. Other blue chips were also positive. Property firm Talaat Moustafa Group climbed 1.6 percent and investment bank EFG Hermes added 0.5 percent. and more » More ...


News Item

S&P boosts outlook for Egyptian banks The National S&P at the same time affirmed its B-C long- and short-term ratings for the three banks – National Bank of Egypt, Banque Misr and Commercial International Bank . The ratings might eventually be subject to an upgrade, the agency said. 'The positive ... and more » More ...


News Item

MIDEAST STOCKS-Saudi slips on weak oil; Egypt edges up Reuters Africa Heavyweight Commercial International Bank rose 1.9 percent but Telecom Egypt dropped 3.1 percent. Index compiler MSCI excluded Telecom Egypt from its emerging markets index this month and passive funds tracking that benchmark are likely to be ... and more » More ...


News Item

MIDEAST STOCKS-Saudi Arabia flat, Egypt inches down Reuters Africa ... percent as most stocks fell. Heavyweight Commercial International Bank slipped 0.2 percent and property firm Talaat Moustafa Group fell 0.9 percent. (Reporting by Olzhas Auyezov; Editing by Andrew Torchia). © Thomson Reuters 2015 All rights ... and more » More ...


News Item

UPDATE 2-MIDEAST STOCKS-Saudi Arabia flat, Egypt inches down Reuters (Updates with Saudi Arabia, Egypt open). DUBAI May 27 ( Reuters ) - Stock markets in Saudi Arabia and Egypt moved very little in early trade on Wednesday, lacking strong catalysts. Brent crude has risen 1.1 percent to $64.42 per barrel on Wednesday but ... and more » More ...


News Item

Field of bidders narrows for Citigroup's Egyptian retail business Reuters Africa DUBAI ( Reuters ) - The number of banks in the running to buy Citigroup's consumer business in Egypt has fallen as the bidding process enters its final stages, banking sources said. Bids from at least three banks are believed to still be under ... More ...


Newsfeed from Google News. See also latest UAE market news.

CIB Egypt comments & notesTop

Commercial International Bank (Egypt) share capital and shares outstanding
  • See www.egyptse.com for CIB details and latest share price on the Cairo & Alexandria Stock Exchange (CASE).
  • See www.cibeg.com for latest CIB financial statements (more up to date than ESCA or ADX websites)
  • 30 September 2008 - EGP 2,925 million share capital, 292.5 million shares outstanding (par value EGP 10)
  • 31 July 2008 - EGP - EGP 2,925 million share capital, increase of EGP 975 million from General Reserve
  • 30 June 2008 - EGP 1,950 million share capital, 195 million shares outstanding.
  • 31 March 2008 - EGP 1,950 million share capital, 195 million shares outstanding.
  • 19 March 2006 - EGM approves Authorized Share Capital of EGP 5,000 million.
15 May 2008 - CIB first quarter results

Share price at close on 15 May 2008 on the CASE was EGP 79.47, about AED 54. CIB still has never traded on the Abu Dhabi Securities Exchange (ADX).

12 November 2007

Latest share price updated to 53 dhs - approximately equal to last trade value on the Cairo Stock Exchange of 78 EGP. CIB shares have never traded on the Abu Dhabi Securities Market (ADSM) and the last close price given by ESCA, of 23.90 dhs, appears to be out of date.

11 June 2005 comments

Commercial International Bank was established in 1975 as a joint venture between National Bank of Egypt (51%) and Chase Manhattan Bank (49%) with the name Chase National Bank of Egypt. Chase divested its equity stake in 1987 to National Bank of Egypt which increased its shareholding to 99.9%, and the name was changed to Commercial International Bank (Egypt) SAE.

In 1993, CIB launched an IPO which left NBE with a 43% stake. CIB and NBE employees owned 16% of the share capital and 41% was sold to foreign individual and institutional investors. In July 1996, National Bank of Egypt (NBE), sold a 20% equity stake through a Global Depository Receipts (GDR) offering listed on the London Stock Exchange which raised over $120 million.

CIB launched retail banking services in 1999. CIB also subsequently added Commercial International Life Insurance (CIL), CONTACT Car Trading Company, and CorpLease for Financial Leasing to its affiliates. Commercial International Bank has a network of 52 branches in Egypt, 2 in Saudi Arabia, and 1 in Qatar.

Note that CIB is unrelated to Commercial Bank International (CBI), an ADSM listed bank based in Ras Al Khaimah, UAE. CIB shares have never traded on ADSM since listing sometime in 2004 (exact date unknown) until date of these comments but last traded price is given as 23.90 dhs on ESCA website. CIB website has ratings reports from Fitch, Standard & Poors, Capital Intelligence, Moodys dated 2003-2004 - not particularly useful to shareholders in 2007.

Contact details and investor informationTop
  • CIB Egypt, PO Box 2430, Egypt. Tel +202-5701950.
  • www.cibeg.com - CIB website home page.
CIB - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 24 Jun 2008. E & OE.