CIB’s

Stock

Having first offered its shares to the public in 1995, CIB has since become the biggest constituent on the Egyptian Stock Exchange (EGX) and is viewed as the gateway to Egypt. Investors and analysts often view CIB’s stock as a proxy for the Egyptian market, with the Bank acting as a mirror for the local banking sector. The economy’s growth prospects is generally depicted in the credit outlook, while retail banking is seen as portraying the longer-term story of financial inclusion.

CIB was the first Egyptian bank to offer its shares on international markets with a GDR program on the London Stock Exchange (LSE) in 1996. In 2001, CIB was again a first, being the first Egyptian bank to register its shares on the NYSE in the form of ADR Level 1 program.

In 2012, the Bank began trading on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading, non-US companies listed on a qualified international exchange and providing their home country disclosure to US investors.

In 2018, CIB increased its ADR program by an additional 450 million ADRs to reach 500 million. By the end 2018, CIB’s total issued shares were 1,166,832,640, the Bank’s GDR outstanding position reached 358,139,055 shares, representing 30.70% of issued shares, and its ADR outstanding position recorded 16,946,344 shares, representing 1.45% of issued shares.

CIB has the highest weight on the EGX30, accounting for 34.19% of the index, and has the highest free float at 93.4%. The Bank’s stock is one of Egypt’s most liquid, and it is the most valuable financial institution with a market capitalization of EGP 86.4 billion as of December 2018.

As of December 2018, CIB’s institutional shareholder structure was broken down by region as follows:

CIB works diligently to increase value for its stakeholders. One way it does so is through the Bank’s active Investor Relations Division, which maintains a proactive investor relations program to keep shareholders and investors abreast of developments that could have had an impact on its performance. The team and senior management invest significant time in one-on-one meetings, roadshows, investor conferences, and conference calls. The team spares no effort in providing the investment community with a consistent stream of transparent disclosures while simultaneously ensuring analysts have the information they need to maintain balanced coverage of the Bank’s shares.

During 2018, the team along with senior management took part in nine local and international investor conferences held in the UK, US, Africa, and the Gulf, in addition to seven roadshows and one business trip. Alongside several in-house meetings, the team conducted a total of 255 one-on-one and group meetings throughout the year and met with 491 local and international investment funds and research analysts. CIB hosted several conference calls in 2018, bringing its senior management together with the investor community.

Disclosures, including regular updates and releases, were periodically made available on CIB’s Investor Relations website as well as the EGX, LSE, and OTCQX portals in a timely manner that ensures fair access to information for investors from around the world, allowing them to make informed investment decisions.

As a result of the team’s conscious efforts to further enhance its Investor Relations program, CIB’s Head of Investor Relations received a nod as the “Best Investor Relations Professional – Egypt” in a 2018 study conducted by the Middle East Investor Relations Association (MEIRA) in partnership with Extel. This is the fifth year running in which CIB has received at least one award from MEIRA.

Regular updates and releases along with the presentations were posted on the Investor Relations website for the convenience of the Bank’s investors from around the world, giving them easy access to all the information they need to make informed investment decisions.

As a result of the team’s conscious efforts to boost corporate access, in a 2017 study conducted by the Middle East Investor Relations Association (MEIRA) in partnership with Extel, CIB’s CEO received the “Best IR by CEO in the Middle East”, and a member of the IR team received a nod as the “Best Investor Relations Professional – Egypt”. This is the fourth year running in which CIB has received at least one award from MEIRA.

Equity Analysts’ Ratings

CIB is widely covered by leading research houses both locally and internationally. In 2018, 16 institutions regularly issued research reports on CIB, with 62% of analyst recommendation being ‘Buy’, 31% ‘Hold”, and only 6% ‘Sell’.

COMI started the year with an open price of EGP 76.97 and ended it at EGP 74.08, with -7.14% in VWAP (y-o-y) mainly on the back of global pressures and negative sentiment toward emerging markets. During 2018, CIB’s price reached a peak of EGP 96.50 and a valley of EGP 67.00. The average VWAP price in 2018 was EGP 82.19, with an average volume of 1,037,108, and an average market capitalization of EGP 96 billion.

Key Indicators

>> 10
EGP

Par Value

>> 1:1

GDR Convertibility

>> 86.4
EGP

Largest Market Cap on EGX30

>> 34.19 %

Highest Weight on EGX30

7.26
EGP

Earnings per Share