CI Capital Holding Reports its 9M 2018 Consolidated Results Revenue Reached EGP 1.8 billion, Growing 51% Year-on-Year Net Profit Reached EGP 304.7 million, Growing 128% Year-on-Year

November 1, 2018

CI Capital Holding (Ticker: CICH.CA), Egypt’s leading diversified financial services group,
announced today its consolidated financial results for the 9-month period ended 30th September, 2018.

9M 2018 Consolidated Financial and Operational Highlights
 Total Revenues recorded EGP 1.8 billion, up 51% year-on-year (y-o-y).
 Net operating profit reached EGP 525.6 million, up 140% y-o-y.
 Net profit before tax of EGP 467.8 million, up 133% y-o-y.
 Net profit after tax and minority interest of EGP 304.7 million, up 128% y-o-y.
 Revenue from leasing activities up 37%% y-o-y to reach EGP 1.2 billion with a total outstanding leasing
portfolio of EGP 5.4 billion at the end of 9M 2018, a y-o-y growth of 25%.
 Microfinance1 revenue and net profit up 2.5x and 3.9x y-o-y to reach EGP 221.7 million and EGP 77.8 million
respectively. Total microfinance loans outstanding of EGP 621.9 million at the end of 9M 2018.
 Assets under Management (AuMs) reached EGP 8.2 billion, up 10% y-o-y.
 Brokerage market share reached 10.4% in H1 2018 versus 10.0% in 9M 2017.
 Investment banking advisory fees increased 16% y-o-y to record EGP 59.7 million.

Commenting on the 9M 2018 performance, Group Co-CEO, Hazem Badran
“CI Capital’s Egypt focused strategy and diversified service offerings have once again delivered a strong set of results
during the third quarter of 2018. I am particularly pleased with the performance of our non-banking financial services (“NBFS”) platform, Corplease and Reefy, that continued to deliver very strong growth in revenues and profitability.

NBFS represented 74% of the Group’s consolidated net profit after tax. The investment bank’s performance in Q3 was negatively impacted by global turmoil which affected market trading volumes and delayed the closure of some investment banking transactions in emerging markets, however, the asset management division delivered very strong results and in turn record high performance fees due to its superior performance versus peers in the local marked during the period.

Overall, I am particularly pleased with our financial results during the first nine months of the year in which revenues grew by 51% year-on-year to reach EGP 1.8 billion, up from EGP 1.2 billion in the comparable period of 2017, while net profit after tax and minority interest increased 2.3 times to reach EGP 305 million.
In light of our strong performance during the period, I am also confident of the Group’s ability to meet its operational and financial targets for the full year.”


1 Reefy’s revenues were not consolidated prior to 2018 as acquisition date was late Q4 2017, y-o-y growth rate based on Reefy’s standalone financials.

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