{"id":543728,"date":"2022-02-15T04:04:25","date_gmt":"2022-02-15T04:04:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/15\/planet-finance-aldar-lends-fresh-usd-1-4-bn-investment-aramco-muddies-saudi-wealth-funds-green-credentials\/"},"modified":"2022-02-15T04:04:25","modified_gmt":"2022-02-15T04:04:25","slug":"planet-finance-aldar-lends-fresh-usd-1-4-bn-investment-aramco-muddies-saudi-wealth-funds-green-credentials","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/15\/planet-finance-aldar-lends-fresh-usd-1-4-bn-investment-aramco-muddies-saudi-wealth-funds-green-credentials\/","title":{"rendered":"Planet Finance: Aldar lends fresh USD 1.4 bn investment + Aramco muddies Saudi wealth fund\u2019s green credentials"},"content":{"rendered":"

<\/a> Apollo to invest USD 1.4 bn in UAE\u2019s Aldar: <\/strong>Asset manager Apollo Global Management will invest USD 1.4 bn in Aldar Properties in a transaction that will see Apollo acquire a direct minority stake in the real estate firm, Apollo said in a statement<\/a>. The transaction likely marks one of the biggest FDI agreements ever made in Abu Dhabi\u2019s private sector, and comes just a few weeks after Alpha Dhabi bought an additional 17% stake in Aldar in a USD 1.5 bn transaction.<\/p>\n

A consortium of Aldar and Abu Dhabi sovereign wealth fund ADQ are the co-owners of Egypt\u2019s SODIC<\/strong>, having last year acquired 85.5% of the firm in an EGP 6.1 bn transaction.<\/p>\n

Aramco\u2019s USD 80 bn share transfer to Saudi Arabia\u2019s sovereign wealth fund <\/strong>could <\/strong>tarnish its green credentials<\/strong> ahead of plans to issue green bonds for the first time, Bloomberg<\/a> reports. Aramco shares now make up about 14% of the Public Investment Fund (PIF) after yesterday\u2019s transfer.<\/a> Ratings agency Moody\u2019s only days ago commended the fund\u2019s low exposure to the energy sector and environmental and social risks.<\/p>\n

The UAE\u2019s answer to Trella raises USD 96 mn series B:<\/strong> UAE-based trucking network startup Trukker<\/a> has raised USD 96 mn in funding in a series B round led by Abu Dhabi sovereign wealth fund ADQ and Saudi Technology Ventures, the firm said in a statement<\/a>. Trukker raised USD 50 mn in venture debt<\/a> from Mars Growth<\/a> and Partners for Growth<\/a> as part of the round. The company has operations in Egypt, the UAE and Saudi Arabia, among other countries.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

11,403<\/p>\n<\/td>\n

\n

-0.3% (YTD: -4.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

12,205<\/p>\n<\/td>\n

\n

+1.5% (YTD: +8.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,106<\/p>\n<\/td>\n

\n

+1.2% (YTD: +7.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

3,246<\/p>\n<\/td>\n

\n

-0.3% (YTD: +1.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,402<\/p>\n<\/td>\n

\n

-0.4% (YTD: -7.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,532<\/p>\n<\/td>\n

\n

-1.7% (YTD: +2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 96.48<\/p>\n<\/td>\n

\n

+2.2%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 4.18<\/p>\n<\/td>\n

\n

-0.5%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1874<\/p>\n<\/td>\n

\n

+0.2%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 42,670<\/p>\n<\/td>\n

\n

+0.8% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 fell 0.3% at yesterday\u2019s close<\/strong> on turnover of EGP 663 mn (36.5% below the 90-day average). Regional investors were net buyers. The index is down 4.6% YTD.Ftra<\/p>\n

In the green: <\/strong>Fawry (+2.8%), EFG Hermes (+2.5%) and Qalaa Holdings (+2.2%).<\/p>\n

In the red: <\/strong>Madinet Nasr Housing (-4.3%), Orascom Development Egypt (-4.1%) and MM Group (-2.9%).<\/p>\n

Asian markets are largely (if lightly) in the red this morning<\/strong>, with Shanghai being the only leading benchmark to buck the trend. CNBC says the red reflects \u201cinvestors being cautious\u201d amid \u201cRussia-Ukraine tensions.\u201d Futures suggest a mixed open is in story for major European indexes, while Wall Street will likely open in the green later today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apollo to invest USD 1.4 bn in UAE\u2019s Aldar: Asset manager Apollo Global Management will invest USD 1.4 bn in Aldar Properties in a transaction that will see Apollo acquire a direct minority stake in the real estate firm, Apollo said in a statement. The transaction likely marks one of the biggest FDI agreements ever […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7210],"tags":[298,215,394,72,7229,119,224,122,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543728","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-abu-dhabi","tag-aldar-properties","tag-aramco","tag-enterpriseam","tag-esg","tag-financial-markets","tag-green-bonds","tag-planet-finance","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"e22833c7-7b8b-4abf-bdd3-39a567e3af49","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543707],"teaser":"","voice_url":""},"yoast_head":"\nPlanet Finance: Aldar lends fresh USD 1.4 bn investment + Aramco muddies Saudi wealth fund\u2019s green credentials - 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\/02\/15\/planet-finance-aldar-lends-fresh-usd-1-4-bn-investment-aramco-muddies-saudi-wealth-funds-green-credentials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planet Finance: Aldar lends fresh USD 1.4 bn investment + Aramco muddies Saudi wealth fund\u2019s green credentials\" \/>\n<meta property=\"og:description\" content=\"Apollo to invest USD 1.4 bn in UAE\u2019s Aldar: Asset manager Apollo Global Management will invest USD 1.4 bn in Aldar Properties in a transaction that will see Apollo acquire a direct minority stake in the real estate firm, Apollo said in a statement. 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USD 1.4 bn) on acquiring retail and education assets in Egypt, the UAE and Saudi Arabia, CFO Greg Fewer said during a call following the company\u2019s latest earnings release yesterday,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/138.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548719,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/18\/one-of-sodics-new-owners-just-got-a-major-new-shareholder\/","url_meta":{"origin":543728,"position":2},"title":"One of SODIC\u2019s new owners just got a major new shareholder","author":"enterpriseam admin","date":"18 August 2022","format":false,"excerpt":"Giant UAE firm wants to go long on EMs: Emirati firm International Holdings Co. (IHC) plans to invest bns of USDs into emerging markets like India, Colombia and Turkey as part of its plans to expand its exposure, IHC CEO Syed Basar Shueb told Bloomberg in an interview. The company,\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548272,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/02\/aldar-could-invest-usd-1-5-bn-in-egypt-saudi-the-uae-over-the-next-year\/","url_meta":{"origin":543728,"position":3},"title":"Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year","author":"enterpriseam admin","date":"2 August 2022","format":false,"excerpt":"Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and the UAE over the next 6-12 months despite a higher interest rate environment, CEO Talal Al Dhiyebi told Bloomberg TV yesterday (watch, runtime: 6:17).Land lovers: The company \u2014 which together\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606094,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/11\/sodic-gets-two-new-board-members\/","url_meta":{"origin":543728,"position":4},"title":"SODIC gets two new board members","author":"enterpriseam admin","date":"11 September 2023","format":false,"excerpt":"ADQ\u2019s Roque Solabarrieta and Khalifa Albloushi will now sit on the board","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/745.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584606,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/does-aldar-want-in-on-heliopolis-housings-heliopark-project\/","url_meta":{"origin":543728,"position":5},"title":"Does Aldar want in on Heliopolis Housing\u2019s Heliopark project?","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"Aldar is reportedly shopping around after SODIC\u2019s play for ORE fell through","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/86.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\/543728","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=543728"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543728\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543707"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543728"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543728"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}