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Cairo – Mubasher: The board of Cairo for Investment and Real Estate Development (CIRA) has approved the issuance of long-term nominal, tradable, non-convertible securitisation bonds of up to EGP 2 billion.
With a cash return, the three-year bonds have a nominal value of EGP 100 per bond, according to a bourse filing on Thursday.
It is noteworthy to mention that in the September-February period, the company's net profits amounted to EGP 291.5 million, up from EGP 246.05 million in the year-ago period.
Source:
Mubasher
