Thndr Claps » EGY Claps » Education 🏫 » What will CIRA do with the new funds?🏫
The ClapCairo for Investment & Real Estate Development (CIRA) revealed its plans for the proceeds from its recent future flow securitization issuance.
You should knowFuture flows financing allows companies to borrow by promising to pay back using money they expect to make in the future.
DeetsPart of the funds will go towards developing its new technology university, while some EGP 500 million will go towards adding four new schools over the next three years.
CIRA also has plans to begin construction of its new private university in New Damietta.
Why this mattersCIRA’s CEO said the success of this issuance, the first of its kind in Egypt, has investors eager to subscribe to the second issuance.
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