CAIRO Dec 1 Egypt's largest listed bank CIB
said on Thursday it signed an agreement to sell 71.94 percent of
its stake in its investment banking arm CI Capital to a group of
non-related Egyptian and Gulf investors.
"It is noteworthy that CIB plans on maintaining a minority
stake in CI Capital Holding and will continue to provide its
support to the company during the foreseeable future,"
Commercial International Bank said in a statement.
The transaction is expected to be finalised once all
necessary regulatory approvals were obtained, the bank said.
(Reporting by Asma Alsharif; Writing by Ahmed Aboulenein;
Editing by Amina Ismail)