CIEL Group

As a Founding Member of the Risk Governance Forum (RGF), an advocacy forum of the Mauritius Institute of Directors (MIoD), we were proud to support and take part in its latest session, marking the Forum's second anniversary. Themed "Recalibrating Strategic Direction in Response to Global Shifts," the session brought together business leaders, board members and risk professionals to explore how organisations can adapt and thrive in an environment where volatility, uncertainty and disruption have become the new normal. “𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘢𝘳𝘦 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘪𝘯𝘨𝘭𝘺 𝘤𝘰𝘮𝘱𝘭𝘦𝘹 𝘢𝘯𝘥 𝘪𝘯𝘵𝘦𝘳𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘦𝘥 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵. 𝘛𝘩𝘦𝘴𝘦 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦𝘴 𝘦𝘯𝘤𝘰𝘶𝘳𝘢𝘨𝘦 𝘶𝘴 𝘵𝘰 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯 𝘰𝘶𝘳 𝘱𝘳𝘢𝘤𝘵𝘪𝘤𝘦𝘴 𝘢𝘯𝘥 𝘮𝘰𝘷𝘦 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘤𝘰𝘭𝘭𝘦𝘤𝘵𝘪𝘷𝘦𝘭𝘺 𝘸𝘪𝘵𝘩 𝘨𝘳𝘦𝘢𝘵𝘦𝘳 𝘢𝘨𝘪𝘭𝘪𝘵𝘺 𝘸𝘩𝘪𝘭𝘦 𝘢𝘭𝘴𝘰 𝘤����𝘦𝘢𝘵𝘪𝘯𝘨 𝘯𝘦𝘸 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘪𝘦𝘴 𝘧𝘰𝘳 𝘵𝘳𝘢𝘯𝘴𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸𝘵𝘩. 𝘛𝘩𝘳𝘰𝘶𝘨𝘩 𝘰𝘶𝘳 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘢𝘴 𝘢 𝘍𝘰𝘶𝘯𝘥𝘪𝘯𝘨 𝘔𝘦𝘮𝘣𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘙𝘪𝘴𝘬 𝘎𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘍𝘰𝘳𝘶𝘮, 𝘸𝘦 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘰𝘯𝘨𝘰𝘪𝘯𝘨 𝘥𝘪𝘢𝘭𝘰𝘨𝘶𝘦 𝘢𝘳𝘰𝘶𝘯𝘥 𝘳𝘪𝘴𝘬 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘵𝘰 𝘩𝘦𝘭𝘱 𝘰𝘳𝘨𝘢𝘯𝘪𝘴𝘢𝘵𝘪𝘰𝘯𝘴 𝘵𝘶𝘳𝘯 𝘤𝘰𝘮𝘱𝘭𝘦𝘹𝘪𝘵𝘺 𝘪𝘯𝘵𝘰 𝘢 𝘥𝘳𝘪𝘷𝘦𝘳 𝘰𝘧 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘤𝘦, 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦, 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘢𝘥𝘢𝘱𝘵𝘢𝘵𝘪𝘰𝘯 𝘰𝘯 𝘵𝘩𝘦 𝘧𝘢𝘤𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘤𝘩𝘢𝘯𝘨𝘦𝘴” highlights our Group Chief Executive, Guillaume Dalais. Eric Dorchies, CEO of CIEL Textile, joined the high-level panel discussion, sharing perspectives from an industry highly exposed to geopolitical volatility. “𝘚𝘶𝘤𝘤𝘦𝘴𝘴 𝘵𝘰𝘥𝘢𝘺 𝘥𝘦𝘱𝘦𝘯𝘥𝘴 𝘰𝘯 𝘢𝘯𝘵𝘪𝘤𝘪𝘱𝘢𝘵𝘪𝘯𝘨 𝘤𝘩𝘢𝘯𝘨𝘦, 𝘢𝘥𝘢𝘱𝘵𝘪𝘯𝘨 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘰𝘶𝘴𝘭𝘺 𝘢𝘯𝘥 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘪𝘯𝘨 𝘵𝘩𝘦 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘸𝘩𝘦𝘳𝘦 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴 𝘸𝘪𝘭𝘭 𝘯𝘦𝘦𝘥 𝘪𝘵 𝘵𝘰𝘮𝘰𝘳𝘳𝘰𝘸”. The thought-provoking exchanges highlighted the importance of resilience, agility and forward-looking decision-making, while providing a valuable platform for business leaders and directors to learn from one another’s experiences. Thank you to the MIoD, EY Mauritius and our fellow founding members for fostering these important conversations. #CIELGroup #RiskGovernanceForum #RGF #MIoD

Last week in Kigali, our Group Chief Executive Guillaume Dalais joined the Executive Dialogue "Open for business or open season? Africa, Asian Overcapacity and the Reconfiguration of Global Trade" at the Africa CEO Forum 2026. A timely conversation on how Africa positions itself as global trade flows are redrawn and what it means for logistics, industrial competitiveness and the continent's long-term resilience. Thank you to the Africa CEO Forum, Jeune Afrique Media Group, the Rwanda Development Board (RDB) and the IFC - International Finance Corporation for convening such a high-calibre exchange.   #CIELGroup #GoBeyond #AfricaCEOForum #ACF2026

For the nine months ended 31 March 2026, CIEL delivered a sustained performance in an uncertain environment, supported by the diversification of its portfolio and the continued momentum across its clusters. Here are some key highlights: 🔹Group revenue increased by 7% to MUR 30.0 b, supported by continued momentum in Hotels & Resorts, expansion in Healthcare, and improved banking income at BNI Madagascar. 🔹EBITDA rose by 12% to MUR 5.9 bn, with margin improving to 19.7%, reflecting solid contributions across most clusters and ongoing efficiency gains, despite challenges faced in Textile’s regional operations. 🔹Profit after tax remained stable at MUR 2.9 bn. 🔹Profit attributable to owners stood at MUR 1.4 bn, translating into earnings per share of MUR 0.82. 🔹Free cash flow shows an encouraging increase to MUR 3.4 bn, driven by stronger operating cash generation in most clusters, well-managed working capital requirements and disciplined capital expenditure. Commenting on the results, Jérôme De Chasteauneuf, Group Finance Director of CIEL Limited said:“𝘈𝘨𝘢𝘪𝘯𝘴𝘵 𝘢 𝘮𝘪𝘹𝘦𝘥 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘯𝘨 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵 𝘮𝘢𝘳𝘬𝘦𝘥 𝘣𝘺 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘥 𝘨𝘦𝘰𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘶𝘯𝘤𝘦𝘳𝘵𝘢𝘪𝘯𝘵𝘺, 𝘵𝘩𝘦 𝘎𝘳𝘰𝘶𝘱 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘦𝘥 𝘢 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘦𝘥 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘱𝘦𝘳𝘪𝘰𝘥, 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘮𝘰𝘮𝘦𝘯𝘵𝘶𝘮 𝘰𝘧 𝘪𝘵𝘴 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘪𝘦𝘥 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘢𝘯𝘥 𝘴𝘵𝘳𝘰𝘯𝘨 𝘤𝘢𝘴𝘩 𝘧𝘭𝘰𝘸 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘪𝘰𝘯.” #CIELGroup

CIEL Group appoints Issam Sarkis as Group Chief Finance Officer, succeeding Jerome De Chasteauneuf after more than three decades of dedicated service to the Group. Jérôme de Chasteauneuf, Group Finance Director, will retire on 30 June 2026. Since joining CIEL in 1993, he has been a key architect of the Group’s financial foundations and has played an important role in its most significant milestones, including IPOs, international expansion and a number of structuring and transformation initiatives. "𝘐𝘵 𝘩𝘢𝘴 𝘣𝘦𝘦𝘯 𝘢 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦 𝘵𝘰 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘦 𝘵𝘰 𝘊𝘐𝘌𝘓'𝘴 𝘨𝘳𝘰𝘸𝘵𝘩 𝘰𝘷𝘦𝘳 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘵𝘩𝘳𝘦𝘦 𝘥𝘦𝘤𝘢𝘥𝘦𝘴. 𝘐 𝘩𝘢𝘷𝘦 𝘩𝘢𝘥 𝘵𝘩𝘦 𝘤𝘩𝘢𝘯𝘤𝘦 𝘵𝘰 𝘵𝘢𝘬𝘦 𝘱𝘢𝘳𝘵 𝘪𝘯 𝘥𝘦𝘧𝘪𝘯𝘪𝘯𝘨 𝘮𝘰𝘮𝘦𝘯𝘵𝘴 𝘢𝘭𝘰𝘯𝘨𝘴𝘪𝘥𝘦 𝘦𝘹𝘤𝘦𝘱𝘵𝘪𝘰𝘯𝘢𝘭 𝘵𝘦𝘢𝘮𝘴 𝘢𝘯𝘥 𝘭𝘦𝘢𝘥𝘦𝘳𝘴. 𝘐 𝘭𝘦𝘢𝘷𝘦 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘤𝘰𝘯𝘷𝘪𝘤𝘵𝘪𝘰𝘯 𝘵𝘩𝘢𝘵 𝘊𝘐𝘌𝘓 𝘪𝘴 𝘸𝘦𝘭𝘭 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘦𝘥 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦, 𝘸𝘪𝘵𝘩 𝘴𝘵𝘳𝘰𝘯𝘨 𝘧𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘢𝘯 𝘢𝘮𝘣𝘪𝘵𝘪𝘰𝘯 𝘵𝘩𝘢𝘵 𝘮𝘢𝘵𝘤𝘩𝘦𝘴 𝘪𝘵𝘴 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭." said Jérôme De Chasteauneuf, Group Finance Director, CIEL Limited. Issam Sarkis joins CIEL, effective 1 May 2026, as Group Chief Finance Officer. A seasoned finance executive with over 20 years of international experience, Issam brings a strong combination of strategic depth, operational expertise and leadership across complex, international environments. He joins from Aspen Global Incorporated, where he served as CFO and Executive Director for 15 years and was involved in more than 40 major transactions with a combined value exceeding €6 billion. Commenting on his appointment, Issam Sarkis said: “𝘐𝘵'𝘴 𝘢 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦 𝘵𝘰 𝘣𝘦 𝘫𝘰𝘪𝘯𝘪𝘯𝘨 𝘊𝘐𝘌𝘓 𝘎𝘳𝘰𝘶𝘱, 𝘢𝘯 𝘪𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯 𝘥𝘦𝘦𝘱𝘭𝘺 𝘳𝘰𝘰𝘵𝘦𝘥 𝘪𝘯 𝘵𝘩𝘦 𝘔𝘢𝘶𝘳𝘪𝘵𝘪𝘢𝘯 𝘩𝘦𝘳𝘪𝘵𝘢𝘨𝘦, 𝘸𝘪𝘵𝘩 𝘢 𝘥𝘪𝘷𝘦𝘳𝘴𝘪𝘧𝘪𝘦𝘥 𝘳𝘦𝘢𝘤𝘩 𝘢𝘤𝘳𝘰𝘴𝘴 𝘴𝘦𝘤𝘵𝘰𝘳𝘴 𝘢𝘯𝘥 𝘨𝘦𝘰𝘨𝘳𝘢𝘱𝘩𝘪𝘦𝘴. 𝘐𝘵𝘴 𝘴𝘵𝘳𝘰𝘯𝘨 𝘧𝘰𝘶𝘯𝘥𝘢𝘵𝘪𝘰𝘯𝘴, 𝘢𝘮𝘣𝘪𝘵𝘪𝘰𝘶𝘴 𝘷𝘪𝘴𝘪𝘰𝘯 𝘢𝘯𝘥 𝘥𝘦𝘦𝘱𝘭𝘺 𝘩𝘦𝘭𝘥 𝘷𝘢𝘭𝘶𝘦𝘴 𝘮𝘢𝘥𝘦 𝘊𝘐𝘌𝘓 𝘢 𝘯𝘢𝘵𝘶𝘳𝘢𝘭 𝘤𝘩𝘰𝘪𝘤𝘦 𝘧𝘰𝘳 𝘵𝘩𝘪𝘴 𝘯𝘦𝘸 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘪𝘯 𝘮𝘺 𝘤𝘢𝘳𝘦𝘦𝘳. 𝘐 𝘭𝘰𝘰𝘬 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘵𝘰 𝘣𝘶𝘪𝘭𝘥𝘪𝘯𝘨 𝘰𝘯 𝘑é𝘳ô𝘮𝘦'𝘴 𝘳𝘦𝘮𝘢𝘳𝘬𝘢𝘣𝘭𝘦 𝘭𝘦𝘨𝘢𝘤𝘺 𝘢𝘯𝘥 𝘵𝘰 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘎𝘳𝘰𝘶𝘱'𝘴 𝘰𝘶𝘵𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 𝘵𝘦𝘢𝘮𝘴 𝘵𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘷𝘢𝘭𝘶𝘦 𝘵𝘰 𝘢𝘭𝘭 𝘰𝘶𝘳 𝘴𝘵𝘢𝘬𝘦𝘩𝘰𝘭𝘥𝘦𝘳𝘴.” We thank Jérôme for his long-standing commitment and contribution to CIEL and warmly welcome Issam to the Group. Read the full article here: https://lnkd.in/d9NKXten #CIELGroup #GoBeyond #PeopleAtHeart

Across countries, across clusters, our people make us Go Beyond. Today, we celebrate the people who make it all possible. Happy Labour Day! #CIELGroup #PeopleAtHeart #ForAWorldWeCanAllFeelProudOf

Energy, teamwork, and a whole lot of enthusiasm, that’s what defined our first CIEL Sports Day! From fast-paced matches in Foot Five and Volleyball to engaging games of Dominos, and a memorable Tissue Box challenge, every moment reflected the spirit of our teams beyond the workplace. There were cheers from colleagues, a healthy dose of competition, and a shared camaraderie that inspires us to always Go Beyond! #CIELGroup #GoBeyond #PeopleAtHeart

CIEL Group's inaugural Sports Day united colleagues from our different clusters, and the energy on the field said it all. We could feel the CIEL winning spirit in every game. Foot five, volleyball, padel, carom, dominos, and a series of team challenges brought out the same drive and commitment our colleagues bring to everything they do. Our congratulations go to Team Sunlife, winners of the overall title! #CIELGroup #GoBeyond #PeopleAtHeart

At our 2026 CFO Forum, teams from across our clusters came together to share perspectives, challenge ideas, and reflect on where finance is heading. From IFRS (International Financial Reporting Standards) and regulatory updates to themes such as leadership and curiosity, the day was all about challenging how finance professionals think and operate. With contributions from our partners, the forum brought valuable external insights into the conversation, while team moments kept the energy high throughout. Congratulations to CIEL Textile for winning the Best Financial Reporting Award. #CIELGroup #GoBeyond

Our Group Chief Executive, Guillaume Dalais, will be at the Africa CEO Forum 2026 in May, one of the continent's most influential gatherings for business leaders. With an active presence across Eastern Africa, CIEL Group continues to grow its footprint across the continent. We look forward to the conversations ahead.   #CIELGroup #GoBeyond #AfricaCEOForum

A clear Digital & AI roadmap is now central to how CIEL Group pursues growth. Mark van Beuningen, Group Strategy & Investment Executive, is featured on the cover of this week’s BizWeek. In the interview, Mark discusses his mandate to develop a well-defined portfolio growth strategy and a clear Group-wide Digital & AI roadmap. He also explains how a focused approach to portfolio development are opening opportunities in India and East Africa. #CIELGroup #GoBeyond