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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by ESCA, of 23.90 dhs, appears to be out of date.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.
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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