Alpha Oryx Sells 73.5 Million CIB Shares in a Transaction Exceeding EGP 7 Billion
The Egyptian Exchange (EGX) announced the execution of a major transaction involving the sale of approximately 73.5 million shares of Commercial International Bank – Egypt (CIB) by Alpha Oryx Limited, with a total value of EGP 7.09 billion.
According to the EGX disclosure, the transaction was executed on October 8, 2025, at an average price of EGP 96.5 per share, through EFG Hermes International Securities Brokerage. Following the sale, Alpha Oryx’s stake in CIB declined from 18.06% to 15.67%, with no related parties disclosed in connection with the deal. The transaction was carried out via the EGX’s block trades mechanism.
Meanwhile, CIB’s Board of Directors is currently discussing a proposal to increase the bank’s issued and paid-up capital from EGP 30.7 billion to EGP 33.7 billion, representing an increase of EGP 3.07 billion through the issuance of 307.08 million bonus shares (one share for every ten held). Fractional shares will be allocated to small shareholders, following approval from the Central Bank of Egypt (CBE). The bank also plans to amend Articles 6 and 7 of its Articles of Association to reflect the increase and authorize management to complete all necessary legal procedures.
CIB reported a strong financial performance for the first half of 2025, with net profit rising to EGP 33.3 billion, compared to EGP 27.5 billion during the same period last year — a 21% year-on-year growth. The bank recorded EGP 16.7 billion in net profit during the second quarter alone, up from EGP 15.6 billion in Q2 2024.
Customer deposits rose to EGP 1.04 trillion by the end of June 2025, up from EGP 972.6 billion in December 2024 — a 6.9% increase. Total assets reached EGP 1.32 trillion, compared to EGP 1.2 trillion at the end of last year, driven by growth in the lending portfolio and diversified funding sources.
According to the bank’s financial statements, net interest income climbed to EGP 51.33 billion in June 2025, up from EGP 41.5 billion a year earlier, while net fee and commission income rose to EGP 4.15 billion from EGP 3.4 billion. These results underscore CIB’s continued ability to strengthen profitability and maintain balanced growth across its business segments.