Banque Misr Acquires CI Capital's Consumer Finance Arm Souhoola


Banque Misr has acquired Souhoola, the consumer finance arm of CI Capital Holding for Financial Investments.

Souhoola operates in 11 governorates and provides services for financing durable goods, vehicles, health services, education, travel and tourism.

Last year, CI Capital's board gave preliminary approval to a non-binding offer submitted by Banque Misr to acquire a 98.1-percent stake in Souhoola.