الرئيس التنفيذي
أشرف الحادي

رئيس التحرير
فاطمة مهران

CI Capital Holding Posts its Strongest-Ever Quarterly Results, with 1Q24 Revenues and Profits Reaching c.EGP 2.9bn & EGP 939mn Respectively

CI Capital (CICH.CA), the leading diversified financial services group, announced today its financial results for 1Q24, with revenues increasing 79% y-o-y to reach c.EGP 2.9bn, while net profit after tax & minority interest recorded EGP 939mn, a 194% y-o-y increase. The Group’s total on-balance sheet financing portfolio recorded EGP 20.7bn, up 4% y-o-y.
Mahmoud Attalla, the Group’s Executive Vice Chairman and MD stated, “CI Capital continues to solidify its position as the leading diversified financial services group. CI Capital’s microfinance subsidiary, Reefy, placed in the top 100 fastest-growing companies in Africa for the second consecutive year. CI Capital Asset Management extended its leadership beyond our home market, being recognized by Forbes Middle East as one of the top 30 asset managers in the Middle East, while our investment banking franchise continued to gain international recognition from prestigious organizations.”

“The Group registered solid results for 1Q24, with revenues growing 79% y-o-y, reaching c.EGP 2.9bn and net profit after tax and minority growing 194% y-o-y, reaching EGP 939mn. CI Capital’s performance was bolstered by solid top-line growth across all verticals in addition to solid treasury and liquidity management,” said CI Capital’s Group CEO, Hesham Gohar.
“Furthermore, the Group continued to cement its market-wide leading position with outstanding lending portfolio amounting to EGP 20.7bn and continued to surpass its market peers in terms of return on equity, having exceeded 30% in RoE,” Gohar added.
Corplease, the Group’s leasing arm, ended the quarter with a total outstanding portfolio of EGP 15bn. Revenues increased 68% y-o-y to reach c.EGP 1.6bn, while net profit after tax recorded EGP 650mn in 1Q24, a significant y-o-y increase of 237%.
Reefy Microfinance Enterprise Services continued to thrive in terms of operational and financial results, with net profit after tax reaching EGP 106mn in 1Q24. Reefy continued its branch network expansion to reach a total of 162 branches across 21 governorates, while its total outstanding portfolio reached EGP 3.4bn (up 26% y-o-y) by 1Q24.
CI Mortgage Finance concluded 1Q24 with a 98% y-o-y increase in its outstanding portfolio, recording EGP 1.34bn, while extending EGP 272mn in new loans during the quarter, a 144% y-o-y increase. Revenues increased by 177% y-o-y to reach EGP 99mn, while net profit after tax reached EGP 12mn, a 288% y-o-y increase.
CI Capital’s Investment Bank posted a strong set of results, with revenues up 104% y-o-y, reaching EGP 528mn. CI Capital Brokerage total revenues grew 178% y-o-y to reach EGP 424mn, CI Capital Asset Management reported a 42% y-o-y increase in revenues to reach EGP 80mn, while total assets under management reached an all-time high of EGP 69.5bn, a 22% y-o-y growth and the investment banking division concluded 4 transactions.
“With the Group’s consistent delivery of solid results, superior returns on average equity, and notable international accolades, our ambition is to continuously diversify our product offering and geographic footprint to drive our firm’s prospects and with that in mind, I am happy to announce that we have secured board approval for the expansion of CI Capital into the GCC by setting up on-the-ground presence for the investment bank in Saudi Arabia and the United Arab Emirates, two very important markets with robust growth, deepening capital markets and significant investor appetite” Gohar concluded.

Related Posts

الصحة: فحص 454 ألف مولودا ضمن مبادرة الكشف المبكر عن الأمراض الوراثية

EFG Hermes Completes Advisory on USD 515 Million IPO of Alef Education Holding on the Abu Dhabi Securities Exchange

Discover the handbook to successful entrepreneurship journey with “Mindset to Startup” book by Hani W. Naguib

Celebrate Eid Al Adha with a Relaxing Beach Getaway at Danat Jebel Dhanna Resort

Rixos The Palm Dubai Hotel & Suites Partners with Al Jalila Foundation to Champion Social Responsibility

Turquoise Restaurant in Rixos Marina Abu Dhabi Invites you to Savour its Special Brunch this Eid Al Adha  

ADNOC Drilling and Alpha Dhabi’s “Enersol” Joint Venture Increases Equity Stake in Gordon Technologies to 67.2%

Electrolux Group Egypt maintains its yearly participation in the Sweden National Day celebrations

آخر الأخبار
أسعار الدولار في مصر اليوم الأحد أسعار الخضار والفاكهة اليوم الأحد أسعار الدواجن والبيض في مصر اليوم الأحد أسعار اللحوم الحمراء في مصر اليوم الأحد كندة علوش تكشف تفاصيل إصابتها بالسرطان: عندى تاريخ مرضى فى العيلة مع المرض الأهلي يستعد لمواجهة الزمالك في الدوري جمعية عين البيئة تبرم اتفاقية تعاون مع مكتب استشاري تابع لوزارة الدفاع البرتغال يضرب تركيا ثلاثية ويتأهل إلى ثمن نهائى يورو 2024 غرامة وإحالة للنيابة.. اعرف كيف تعامل القانون مع الشركات السياحية المخالفة حسين الجسمي للجمهور: ليلة فخمة بحضوركم المبهر .. من ليالي دبي الراقية الأرصاد الجوية تكشف تفاصيل طقس غدًا الأحد البرتغال يتقدم بهدفين على تركيا بالشوط الأول في يورو 2024 قرار جمهورى بالموافقة على التعديل السابع لاتفاقية مساعدة التعليم الأساسى "الزراعة": التفتيش على 424 مركز بيع وتداول الادوية واللقاحات البيطرية على مستوى الجمهورية نجلة الكاتبة هبة عبد العزيز : تقدمت بمحضر رسمي فور وصول رسائل التهديد رحلة مع أيقونة الفن عبد الحليم حافظ.. كتاب للبروفيسورة امال بورقية رئيس الوزراء يترأس اجتماع "خلية أزمة الحجاج" السائق ميتش إيفانز يسعى لإحراز هامة في سباقي بورتلاند إي بري الطيران الخاص: تعزيز العلاقات التجارية بين دول مجلس التعاون الخليجي والأسواق الناشئة في أفريقيا «آي صاغة»: الذهب في حالة ركود صيفي و 0.6 % تراجعًا في الأسعار بالبورصة العالمية