ACE
Investment Overview
Al Ahly Computer Equipment (ACE) was established in October 1996, under law No.159 for the year 1981, as a joint stock company. ACE has a long track record in the field of Information Technology. The company’s product mix ranges from tailored maintenance services to specialized hardware, whereby the company sources the original hardware from recognized companies in the field, such as Sedco, Fujitsu, Cisco, and Oracle. ACE provides IT maintenance services all over Egypt through a large team of highly trained technical engineers. The company is well-positioned as the IT system integrator of choice for government entities, major banks, and large institutions.
2021 Highlights
In 2021, ACE’s management team has exerted notable effort to increase the company’s revenues through securing maintenance and sales contracts with wellknown banks and governmental bodies in Egypt. In addition, the company’s marketing team has been working to add new offerings to ACE’s portfolio of products by initiating a collaboration agreement with well-established brands in the IT Sector.
ACE 2022 Forward Looking Strategy
The company’s management will continue focusing on maintaining their strong relationships with existing customers, in addition to enhancing its maintenance experience and expanding its clientele base. ACE is also planning to introduce new services and products to its current and potential customers. The main goals are to expand the company’s market reach, increase market share, and build a solid competitive edge.
TCA
Investment Overview
In January 2021, CIB and TMG (Talaat Moustafa Group) established a new Real Estate SPV, “TCA Properties”. TCA started its operations early 2021 by acquiring a number of TMG Holding’s outstanding premium commercial assets located in Al Rehab and Madinaty.
2021 Highlights
During 2021, the management company of TCA, Alexandria Company for Projects Management “APM”, embarked on the promotion of TCA commercial assets for rent to reputable brand names in the F&B and retail businesses. The company has been able to secure various contracts with many market players in those areas.
TCA 2022 Forward Looking Strategy
The company’s management team will continue focusing on expanding TCA’s clientele base through targeting the best in-class retailers enabling TCA to include a premium tenant mix, serving customers’ needs and fulfilling market demand. In addition, TCA’s management will be exploring other expansion projects to add to the company’s portfolio.
Damietta Shipping and Marine Services
Damietta Shipping and Marine Services (DSMS) is a shareholding company established in 1986 through a public offering. CIB acquired a 32% stake in the company in July 2018, which it raised to 49.95% in October 2020. DSMS is a small-sized company with minimal operations focusing on marine services, mainly container repairs, fuel tank rentals, and electricity generators. CIB’s strategy is to exit the investment in DSMS. The company’s main income is the dividend income derived from its investment in Damietta Container and Cargo Handling (DCHC).