Al Ahly Capital plans 40% Damietta stake buy: CIRA stock keeps 60%
Published on 10/19/2026 at 01:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSExpansion and earnings calendar
- On October 7, 2026, Al Ahly Capital planned to buy a 40.00 percent Damietta venture stake.
- CIRA reached 84,000 students in the 2026/27 academic year, up from 73,400.
- CIRA's next earnings date is October 28, 2026.
Cairo for Investment and Real Estate Development SAE (EGS65541C012) is expanding its university platform while enrollment reaches 84,000 students for the 2026/27 academic year. On October 7, 2026, EnterpriseAM reported that Al Ahly Capital planned to buy El Sewedy Capital's 40.00 percent stake in CIRA's Damietta university venture, leaving CIRA with 60.00 percent.
Enrollment supplies the growth test
EnterpriseAM reported on September 24, 2026, that enrollment rose to 84,000 from 73,400 in 2025/26. The increase of 10,600 students surpassed CIRA's 80,000 target and moved the group closer to its 100,000 objective for 2030. The company also started postgraduate programs with an initial intake of 401 students.
The operating picture already carries financial weight. IT Boltwise reported that revenue in the latest quarter reached EGP 1.94 billion, up from EGP 1.57 billion in the preceding quarter, while net income increased to EGP 543.90 million from EGP 338.43 million. The source labels these as sequential comparisons, so the figures describe near-term acceleration rather than a full-year result.
What does the 60 percent stake mean
CIRA's retained 60.00 percent stake preserves majority ownership of the Damietta project, while the incoming partner changes the venture's shareholder structure. EnterpriseAM said the university is expected to open in September 2027 and that the project was established on a 58-feddan site. The purchase price was not disclosed.
Three dates shape expansion
On July 29, 2026, the latest release listed quarterly revenue of EGP 1.94 billion. On September 24, 2026, enrollment reached 84,000 students. On October 7, 2026, Al Ahly Capital planned to acquire 40.00 percent of the Damietta venture, while CIRA retained 60.00 percent.
Upcoming reporting dates
Investing.com lists October 28, 2026, as CIRA's next earnings date. EnterpriseAM reported that the Damietta university is expected to open in September 2027.
Market value before the next report
Investing.com showed CIRA's market capitalization at EGP 22.01 billion and its 52-week range at EGP 16.00 to EGP 41.74 on October 15, 2026. Those figures frame the valuation backdrop for the October 28 earnings update.
CIRA key facts
- Company: Cairo for Investment and Real Estate Development SAE
- ISIN: EGS65541C012
- Ticker: CIRA
- Primary exchange: Egyptian Exchange
- Market capitalization: EGP 22.0 billion (as of October 15, 2026)
- 52-week range: EGP 16.00-41.74 (as of October 15, 2026)
- Sector / Industry: Academic and Educational Services / School, College and University
- Next earnings date: October 28, 2026
Market context: Latest market reports.
