Arab Finance: Social Impact Capital has received a letter from the Saudi Egyptian Investment and Finance (SEIG), with the latter expressing intention to submit a mandatory tender offer (MTO) for purchasing a 75% to 100% stake in CIRA Education at EGP 14 per share, as per a disclosure on May 7^th.

SEIG also aims to voluntarily delist CIRA Education from the Egyptian Exchange (EGX) after the potential acquisition.

It is worth mentioning that Social Impact Capital holds a 51.21% stake in CIRA Education.

The MTO is set to be funded through SEIG’s subscription to new shares to raise capital in Social Impact Capital.

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