CAIRO: Commercial International Bank (CIB), Egypt's largest listed company, said on Thursday it had received a 1 billion Egyptian pound ($127.71 million) offer from Orascom Telecom to buy 100 percent of its investment banking subsidiary CI Capital.

CIB said in a statement on the stock exchange website that its board would discuss the offer from Orascom Telecom and Technology at a meeting on Thursday.

Copyright Reuters, 2015