{"id":542837,"date":"2022-01-19T02:44:06","date_gmt":"2022-01-19T02:44:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/"},"modified":"2022-01-19T02:44:06","modified_gmt":"2022-01-19T02:44:06","slug":"kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/","title":{"rendered":"Kuwaiti, Egyptian, Saudi institutions took part in Ghazl El Mahalla\u2019s private placement"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Who got in on Ghazl El <\/strong><strong>Mahalla<\/strong><strong> FC\u2019s institutional offering?<\/strong> Misr Ins. Holding, Ghazl El Mahalla Spinning and Weaving, Kuwaiti and Egyptian investment institutions, two companies from Saudi Arabia, and \u201csome high net-worth individuals\u201d all received allocations in the EGP 37 mn institutional component of Ghazl El Mahalla\u2019s upcoming IPO, <a href=\"https:\/\/bit.ly\/3rutEjR\">Al Mal<\/a> quotes the CEO of bookrunner Prime Holding, Mohamed Maher, as saying.<\/p>\n<p><strong>Misr Ins. bid for 40% of the institutional component, <\/strong>subscribing to EGP 15 mn worth of the shares on offer in the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93c62947-6df7-4fcb-a710-42afa40cb764\">private placement<\/a>, back in November. The institutional component wrapped at the end of December.<\/p>\n<p><strong>Ghazl El Mahalla will make its EGX debut next month, <\/strong>according to the Public Enterprises Ministry. The EGP 98 mn public offering to individual retail investors is still <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de18c42c-6c3f-4403-a867-7d120757afd1\">pending sign-off<\/a> from the club\u2019s general assembly, which is set to meet on Saturday.<\/p>\n<p><strong>Refresher:<\/strong> Ghazl El Mahalla is offering a 67.5% stake in its IPO, which is expected to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63b2e2c2-100f-46b8-80b7-d94bb2c71f1c\">raise EGP 135 mn<\/a>, while While tiny, the transaction will mark the first time a football club is publicly traded in the Arab world and could pave the way for more IPOs of this sort. Football giant Al Ahly has also <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e353e401-9cdc-41c4-b421-29d9f5246904\">expressed interest<\/a> in offering as much as 49% of the club.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who got in on Ghazl El Mahalla FC\u2019s institutional offering? Misr Ins. Holding, Ghazl El Mahalla Spinning and Weaving, Kuwaiti and Egyptian investment institutions, two companies from Saudi Arabia, and \u201csome high net-worth individuals\u201d all received allocations in the EGP 37 mn institutional component of Ghazl El Mahalla\u2019s upcoming IPO, Al Mal quotes the CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":542838,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[72,9093,78,472],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam","tag-ghazl-el-mahalla","tag-ipo-watch","tag-misr-insurance-holding","wpautop","entry"],"acf":{"mongo_id":"727ce837-9698-4a14-a182-ef81d397c9a0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/230.jpg","photo_position":"above","related_issue":[542826],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kuwaiti, Egyptian, Saudi institutions took part in Ghazl El Mahalla\u2019s private placement - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwaiti, Egyptian, Saudi institutions took part in Ghazl El Mahalla\u2019s private placement\" \/>\n<meta property=\"og:description\" content=\"Who got in on Ghazl El Mahalla FC\u2019s institutional offering? Misr Ins. Holding, Ghazl El Mahalla Spinning and Weaving, Kuwaiti and Egyptian investment institutions, two companies from Saudi Arabia, and \u201csome high net-worth individuals\u201d all received allocations in the EGP 37 mn institutional component of Ghazl El Mahalla\u2019s upcoming IPO, Al Mal quotes the CEO [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-19T02:44:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/230.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kuwaiti, Egyptian, Saudi institutions took part in Ghazl El Mahalla\u2019s private placement\",\"datePublished\":\"2022-01-19T02:44:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/230.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Ghazl El Mahalla\",\"IPO watch\",\"Misr Insurance Holding\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/19\/kuwaiti-egyptian-saudi-institutions-took-part-in-ghazl-el-mahallas-private-placement\/\",\"name\":\"Kuwaiti, Egyptian, Saudi institutions took part in Ghazl El Mahalla\u2019s private placement - 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The club has set its share price at EGP 1.02, and investors buying in must purchase between 1k and 2 mn\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562874,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/09\/ghazl-el-mahalla-fc-could-move-ahead-with-its-ipo-in-2-months\/","url_meta":{"origin":542837,"position":1},"title":"Ghazl El Mahalla FC could move ahead with its IPO in 2 months","author":"enterpriseam admin","date":"9 June 2021","format":false,"excerpt":"Ghazl El Mahalla\u2019s IPO could go to market in the next two months as the club finalizes procedures with the Financial Regulatory Authority (FRA) ahead of the sale, according to Prime Securities, which is quarterbacking the transaction, Al Mal reports.The football club has priced its IPO at EGP 1 per\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/132.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547663,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/ghazl-el-mahalla-ipo-could-be-extended\/","url_meta":{"origin":542837,"position":2},"title":"Ghazl El Mahalla IPO could be extended","author":"enterpriseam admin","date":"3 July 2022","format":false,"excerpt":"Subscription to the retail offering in Ghazl El Mahalla\u2019s IPO has been extended until 13 August due to weak investor demand for the football club\u2019s shares, Al Borsa reports. The club was originally expected to wrap up the retail component of the IPO on 1 July but has given investors\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554202,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/23\/ghazl-el-mahalla-kicks-off-institutional-subscription\/","url_meta":{"origin":542837,"position":3},"title":"Ghazl el Mahalla kicks off institutional subscription","author":"enterpriseam admin","date":"23 December 2021","format":false,"excerpt":"The institutional subscription for Ghazl El Mahalla\u2019s micro-IPO will be completed by the end of the week, the Public Enterprises Ministry said in a statement (pdf). Bookrunner Prime Holding is expected to finish the placement of at least EGP 37 mn worth of shares with institutional investors this week, while\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546654,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/ghazl-el-mahalla-could-wrap-its-ipo-in-june\/","url_meta":{"origin":542837,"position":4},"title":"Ghazl El Mahalla could wrap its IPO in June","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"Ghazl El Mahalla football club\u2019s public subscription notice (PSN) will be out in a few days, Mohamed Maher, head of bookrunner Prime Holding, confirmed to Enterprise. The EGP 98 mn public offering to retail investors has received approval from the Financial Regulatory Authority (FRA) for the offering, which Maher said\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/314.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555066,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/","url_meta":{"origin":542837,"position":5},"title":"Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO","author":"enterpriseam admin","date":"1 November 2021","format":false,"excerpt":"Misr Ins. Holding has bid for 40% of the shares that Ghazl El Mahalla Football Club will offer to institutional investors in its upcoming IPO, according to statements made by Public Enterprises Minister Hisham Tawfik published in Hapi Journal (pdf) yesterday. The state-owned giant has subscribed to EGP 15 mn\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/271.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542837"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542837\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542838"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542837"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542837"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}