CI Capital

What CI Capital does

CI Capital Holding S.A.E. is Egypt's leading diversified financial services group, publicly listed on the Egyptian Exchange under ticker CICH.CA since its April 2018 IPO. The group operates nine integrated business lines spanning investment banking (M&A advisory, ECM, and debt capital markets including sukuk and securitization), securities brokerage (institutional, retail, and fixed income), CI Asset Management (CIAM), award-winning MENA equity and macro research, custody, and Egypt's largest non-banking financial services platform — Corplease (leasing), Reefy (microfinance, 117k+ customers across 220+ branches), and CI Mortgage Finance. The firm also runs CI Private Equity and, as of March 2025, C3 Capital Fund 1 (Egypt's first onshore private equity fund, EGP 3bn target, in JV with Compass Capital).

Underlying technology is conventional but full-stack for the segment: an in-house online trading platform (Mahfazty / mahfazty-cibc.com) for retail execution and margin trading, custody and settlement infrastructure listed at the MCDR, and an institutional research distribution footprint on Bloomberg, FactSet, Refinitiv, S&P Capital IQ, and Visible Alpha. SEC and FINRA compliance is achieved through a New York broker-dealer alliance, supporting global institutional coverage alongside offices in Cairo, Dubai, and Riyadh.

The revenue model blends transaction-based fees (IB advisory mandates, brokerage commissions, leasing rentals, fixed income trading) with recurring streams (asset management fees on EGP 186bn+ of AUMs, microfinance interest from a long-tail of unbanked borrowers, mortgage interest income, and subscription research). FY2025 revenue reached EGP 10.2bn (+16% YoY, normalized) with NPATM of EGP 1.6bn and ROAE of 21.3%, and Q1 2026 revenue of EGP 2.7bn (+12% YoY) with ROAE of 21.9%. Customer segments span global institutions, family offices, large corporates, SMEs, and HNWI/retail clients in Egypt and across MENA, with bilateral brokerage alliances (Al Rajhi Capital, Maybank Kim Eng) extending reach into KSA and ASEAN.

Name

CI Capital

Legal name

CI Capital Holding S.A.E.

Website

https://cicapital.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CI Capital is Egypt's leading diversified financial services group offering investment banking, securities brokerage, asset management, research, custody, and Egypt's largest non-banking financial services platform across leasing, microfinance, and mortgage finance. Listed on the Egyptian Exchange.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153), Loan Brokers (6163)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Balance-Sheet / Portfolio CRE Lending (FSALADAG), General SME & Middle-Market Commercial Banking (FSABABAA), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Investment banking services
• Securities brokerage
• Asset management
• Leasing services
• Microfinance lending

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Investment Banking Advisory: M&A advisory, ECM (public offerings, private placements, rights issues, pre-IPO transactions), and debt capital markets (securitization, sukuk, corporate bonds, sustainability bonds). Has completed transactions with aggregate value of ~USD 16.1bn since 2013.
2. Securities Brokerage: Execution services for institutional and retail clients including dominant market share in institutional business in Egypt. Revenue from trading commissions and market share capture.
3. Asset Management: Management fees from managing diverse fund products across equity, fixed income, money market, balanced, and Sharia-compliant funds. AUMs reached EGP 153.4bn in FY 2025.
4. Leasing (Corplease): Operating and finance leases for commercial real estate, equipment, plant and machinery, transportation assets, IT equipment, and fleet management. Egypt's largest leasing provider with 16%+ market share.
5. Microfinance (Reefy): Individual and group lending to unbanked and micro/small businesses. Egypt's first licensed microfinance provider established in 2007. Serves over 117k customers through 220 branches.
6. Mortgage Finance: Residential and commercial mortgage financing, real estate receivables acquisition. Outstanding portfolio of EGP 4.1bn in FY 2025.
7. Fixed Income Brokerage: Trading in T-bonds, T-bills, sukuk, and international bonds, focusing on Egyptian fixed income market with MENA and Africa exposure.
8. Research Services: Equity and macro research available on Bloomberg, FactSet, Refinitiv, S&P Capital IQ, and Visible Alpha. Commissioned research services to listed corporates.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

CI Capital is Egypt's leading diversified financial services group operating through nine business lines: investment banking (M&A advisory, ECM, debt capital markets), securities brokerage (institutional and retail execution), asset management (equity, fixed income, money market, balanced and Sharia-compliant funds), leasing via Corplease (Egypt's largest leasing provider), microfinance via Reefy (Egypt's first licensed microfinance provider), mortgage finance, custody services, fixed income brokerage, and equity research. The group serves global and regional institutions, large corporates, family offices, SMEs, and high net worth and retail investors across Egypt and the MENA region.

Product overview

CI Capital is Egypt's leading diversified financial services group operating as a platform-plus-modules architecture with nine distinct business lines. The core offerings include: (1) Corplease - Egypt's largest leasing provider for commercial real estate, equipment, and fleet financing; (2) Reefy - Egypt's first licensed microfinance provider serving unbanked clientele; (3) CI Mortgage Finance - retail and institutional mortgage services established in 2019; (4) CI Capital Investment Banking - M&A, ECM, and Debt advisory ranked among MENA's top advisors; (5) CI Capital Securities Brokerage - execution, online trading, and margin trading with SEC/FINRA compliance; (6) CI Capital Research - award-winning MENA research covering ~75 stocks; (7) CI Asset Management - leading Egyptian asset manager with AUMs exceeding EGP 150bn; (8) CI Capital Custody - bookkeeping and settlement services; and (9) CI Capital Fixed Income Brokerage - T-bonds, T-bills, sukuk trading. Supporting these are sub-products including individual/group lending, technology/vendor/fleet leasing, M&A/ECM/debt advisory, and online trading platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Reefy: Egypt's first licensed microfinance provider offering individual and group lending solutions to unbanked clientele
• Corplease
• CI Asset Management (CIAM)
• CI Capital Mortgage Finance
• C3 Capital

Products and services

• Corplease Leasing Egypt's largest leasing provider offering financial and operating leases for commercial real estate, equipment, plant and machinery, transportation assets, systems & IT, office equipment, and fleet management. Targets corporate clients and SMEs with a 16%+ market share in Egypt.
• Reefy Microfinance Egypt's first licensed microfinance provider offering individual and group lending to unbanked clientele and micro/small businesses through 220+ branches across 22 governorates. Serves over 117,000 customers.
• CI Capital Investment Banking Top MENA M&A and ECM advisor ranked among the region's leading advisory houses. Services include M&A advisory, ECM advisory (public offerings, private placements, rights issues, pre-IPO transactions), and debt advisory (securitization, sukuk, corporate bonds, sustainability bonds). Completed transactions with aggregate value of ~USD 16.125bn since 2013.
• CI Capital Securities Brokerage Leading brokerage house in Egypt serving institutional and individual clients with execution services, online trading, margin trading, fixed income trading, custody, and research. Captures ~30% market share of total institutional business in Egypt and operates with SEC and FINRA compliance via a New York broker-dealer alliance.
• CI Capital Research Multi-award-winning MENA research house covering approximately 75 stocks across multiple markets and sectors including financials, insurance, fintech, real estate, construction, materials, logistics, consumer, and healthcare. Research distributed via Bloomberg, FactSet, Refinitiv, S&P Capital IQ, and Visible Alpha.
• CI Asset Management (CIAM) Egypt's leading asset manager and one of the largest in the region, offering products across all asset classes including equity, fixed income, money market, balanced, and Sharia-compliant funds. AUMs exceeded EGP 150bn in FY 2025 with sector-leading award-winning performance.
• CI Capital Custody Custody services for institutional and individual clients including bookkeeping, listing at MCDR, and collection of cash dividends to facilitate trading and settlement processes. Solutions tailored to client-specific requirements.
• CI Capital Fixed Income Brokerage Fixed income trading services providing access to T-bonds, T-bills, sukuk, and international bonds. Focuses on the Egyptian fixed income market with exposure to other MENA and Africa markets.
• CI Mortgage Finance Mortgage finance company providing services to retail and institutional clients, ranging from financing new homes to acquisition of real estate receivables. Outstanding portfolio of EGP 4.3bn in Q1 2026.
• CI Private Equity Private equity platform managing close to EGP 10bn in AUMs, delivering steady annuity-like income complementary to the group's transactional business lines. Includes the C3 Capital Fund 1 joint venture with Compass Capital, Egypt's first onshore private equity fund with EGP 3bn target size focusing on EGX-listed equities through PIPE strategy.
• Mahfazty Online Trading Platform Self-service online trading platform for retail clients providing execution, same-day trading, margin trading, and account management capabilities.

Quantifiable outcome

• Sector-leading ROAE of 21.9% in Q1 2026
• +4 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Compass CapitalflagshipStrategic or Co-development Partner · 2 March 2025Launched C3 Capital Fund 1, Egypt's first onshore private equity fund with EGP 3bn target size, focusing on EGX-listed equities through PIPE strategy. C3 for Fund Management is an independent joint venture between CI Capital and Compass Capital. First closing reached EGP 1.8bn from leading institutional investors.
• Maybank Kim EngcoreChannel Partner/ Reseller/ Distributor · 25 June 2018Brokerage services agreement enabling Maybank Kim Eng's global institutional investors access to MENA platform covering emerging and frontier markets. CI Capital provides execution, research, and corporate access for MENA markets through extended network covering MENA and ASEAN regions.
• Al Rajhi CapitalcoreChannel Partner/ Reseller/ Distributor · 12 November 2017Brokerage services agreement providing access to Saudi equity capital market for CI Capital's client base. Leverages both firms' growing reach and breadth of offerings in Saudi and Egyptian equity markets. Al Rajhi Capital is KSA's leading brokerage house with ~19% market share.
• New York-based Broker-DealercoreTechnology or IntegrationAlliance allowing CI Capital Securities Brokerage to operate in full compliance with SEC and FINRA regulations, providing global institutional clients a unique local perspective with US coverage.

Scale indicators15 records

Recent moves8 records

Expansion highlights7 records

Regional players

• Al Rajhi Capital: Saudi Arabia's leading brokerage house with ~19% market share and CI Capital's bilateral brokerage partner. Comparable institutional brokerage and research franchise in the MENA region, with geographic focus on KSA versus CI Capital's Egypt base.
• Maybank Kim Eng: ASEAN-focused investment bank with which CI Capital has a bilateral brokerage partnership for MENA–ASEAN execution. Comparable institutional brokerage and research franchise across emerging/frontier markets but serves a different geographic footprint.

Broad incumbents

• Commercial International Bank (CIB) Egypt: Egypt's largest private-sector bank providing corporate banking, investment banking, brokerage, and asset management. Broader financial institution offering overlapping IB, brokerage, and AM capabilities as part of a wider banking portfolio, rather than CI Capital's pure-play IB/NBFS focus.
• National Bank of Egypt (NBE): Egypt's largest state-owned bank offering commercial banking, investment banking, and asset management. Overlaps with CI Capital in IB advisory, AM, and securities services as part of a much wider banking and treasury operation.
• Emirates NBD: Leading GCC banking group with significant investment banking, brokerage, and asset management operations. Overlaps with CI Capital in regional advisory and brokerage but operates at substantially larger scale across a broader banking portfolio.
• Banque Misr: Major Egyptian state-owned universal bank providing corporate banking, investment banking, and brokerage. Comparable in Egyptian market coverage but offers these capabilities as part of a diversified banking group rather than as a standalone IB/NBFS platform.

Direct peers

• Beltone Financial Holding: Egyptian financial services group providing investment banking, securities brokerage, asset management, and research. Competes directly with CI Capital in MENA advisory, ECM/DCM mandates, and Egyptian institutional brokerage.
• EFG Hermes Holding: Egyptian and MENA-focused investment banking and financial services group offering investment banking, securities brokerage, asset management, and research. Direct competitor across IB advisory, brokerage, and asset management with similar Egypt-centric franchise and regional expansion footprint.
• Pioneers Holding (Pioneers Group): Egyptian diversified financial services holding company offering brokerage, investment banking, asset management, and non-banking financial services. Comparable Egypt-centric multi-line financial services platform with overlapping product set and customer base.
• Pharos Securities (formerly HC Brokerage): Egyptian securities brokerage, investment banking, and asset management firm. Listed alongside CI Capital and Beltone as one of Egypt's leading institutional brokerage houses, with overlapping client base in MENA research and advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cicapital
• Instagramlinktr.ee/cicapitalholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CI Capital