GAT Delivers Independent Valuation of 43 Strategic Land Assets Supporting SEIC's PIF-Backed Investment in CIRA Education

GAT Delivers Independent Valuation of 43 Strategic Land Assets Supporting SEIC's PIF-Backed Investment in CIRA Education

Cairo, Egypt.

Global Appraisal Tech (GAT), one of Egypt's leading independent valuation and advisory firms, proudly announces its appointment as the independent real estate valuation advisor for a landmark investment transaction involving Cairo for Investment and Real Estate Development (CIRA Education).

As part of the Purchase Price Allocation (PPA) process following the acquisition completed in January 2025, GAT was commissioned by AFAQ Al-Elm Investment Company, a wholly owned special purpose vehicle (SPV) of the Saudi Egyptian Investment Company (SEIC), to provide an independent market valuation of CIRA Education's land portfolio in accordance with the RICS Valuation – Global Standards and the International Valuation Standards (IVS).

The valuation assignment supported the strategic investment led by Social Impact Capital (SIC), which acquired an additional equity stake in CIRA Education through a Mandatory Tender Offer (MTO), with the support of AFAQ Al-Elm and SEIC, a wholly owned subsidiary of Saudi Arabia's Public Investment Fund (PIF). The transaction represents one of the most significant cross-border investments in Egypt's education sector and is expected to accelerate CIRA's long-term expansion strategy.

Independent Valuation Across 43 Strategic Land Assets

GAT carried out an extensive independent valuation covering 43 land assets strategically located across multiple Egyptian governorates, including Cairo, Giza, Hurghada, Suez, New Minya, Sohag, Qena, Mansoura, Rashid, Ismailia, New Alamein, New Assiut, and Damietta.

The portfolio comprised a diverse range of educational, residential, and mixed-use properties supporting CIRA's expanding educational platform, including:

• Existing and future school campuses
• University developments
• Educational investment lands
• Residential assets
• Supporting service properties 

The assignment included comprehensive site inspections, verification of ownership documentation, technical and legal reviews, detailed market research, analysis of comparable transactions, stakeholder consultations, and extensive local market investigations to establish fair market values as of the acquisition date.

Valuation in Accordance with International Standards

The valuation was undertaken by GAT's multidisciplinary team of RICS-qualified valuation professionals using internationally recognized methodologies, including the Market Approach (Comparable Transactions Method) and the Income Approach (Discounted Cash Flow Method) where appropriate.

The engagement was delivered in full compliance with the RICS Red Book 2024, International Valuation Standards (IVS), and Egyptian valuation regulations, providing an independent, transparent, and audit-ready valuation report supporting the Purchase Price Allocation exercise.

Beyond the valuation itself, GAT also supported the transaction through management discussions, market benchmarking, valuation reporting, and post-report audit clarification, ensuring the valuation met the requirements of investors, financial advisors, and auditors.

Supporting Strategic Investment Through Independent Expertise

The appointment reflects GAT's growing reputation as one of the region's trusted independent valuation advisors for mergers and acquisitions, sovereign-backed investments, financial reporting, and complex real estate transactions.

By providing an objective assessment of one of Egypt's largest educational real estate portfolios, GAT contributed to a transaction designed to strengthen CIRA Education's long-term growth strategy while supporting continued investment in Egypt's education sector.

As governments, sovereign wealth funds, financial institutions, and multinational investors continue to pursue transformational investments across the region, independent valuation remains a critical pillar in promoting transparency, confidence, and informed investment decisions.

About Global Appraisal Tech (GAT)

Global Appraisal Tech (GAT) is a leading independent valuation and advisory firm specializing in real estate, industrial assets, businesses, infrastructure, machinery, investment portfolios, and financial reporting valuations. Accredited by the Royal Institution of Chartered Surveyors (RICS) and licensed by both the Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE), GAT provides independent valuation and advisory services to sovereign wealth funds, multinational corporations, financial institutions, government entities, and leading private-sector organizations throughout the Middle East and Africa.