Arab Finance: The Saudi Egyptian Investment and Finance (SEIG) is expected to finalize due diligence on CIRA Education to acquire the latter by the end of August, CIRA Education’s CEO Mohamed El Kalla told Asharq Business.

On May 13^th, CIRA Education’s board gave its nod to Social Impact Capital and SEIG to conduct due diligence on the company.

On May 7^th, SEIG submitted a letter to Social Impact Capital on May 7th, expressing its intention to submit a mandatory tender offer (MTO) for purchasing a 75% to 100% stake in CIRA Education at EGP 14 per share.

It is worth noting that SEIG aims to voluntarily delist CIRA Education from the Egyptian Exchange (EGX) after the potential acquisition.

ECA nods to AngloGold Ashanti’s offer to acquire Centamin Updated 10/16/2024 8:59:00 AM

Arla Foods makes non-binding offer for Egypt’s Domty Updated 10/16/2024 8:38:00 AM

Rameda acquires leading anti-diabetic product Updated 9/30/2024 9:40:00 AM

City Lab’s board Oks acquisition of Hassab Labs for EGP 298M Updated 9/24/2024 3:06:00 PM

Saudi Arabia’s PIF considers stake acquisition in Egypt Gas Co Updated 9/23/2024 12:15:00 PM