{"id":548178,"date":"2022-07-28T03:44:16","date_gmt":"2022-07-28T03:44:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/"},"modified":"2022-07-28T03:44:16","modified_gmt":"2022-07-28T03:44:16","slug":"adq-now-has-two-board-members-at-fawry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/","title":{"rendered":"ADQ now has two board members at Fawry"},"content":{"rendered":"

Fawry <\/strong>has appointed Ahmed Altanani<\/strong> (LinkedIn<\/a>) and Aziz Moolji<\/strong> (LinkedIn<\/a>) as board <\/strong>members <\/strong>representing Abu Dhabi sovereign wealth fund ADQ, which purchased an 11.8% stake<\/a> in the company in April, Fawry announced in an EGX disclosure (pdf)<\/a> following a meeting of its general assembly last week. Moolji serves as ADQ\u2019s M&A and alternative investments director and was previously a vice president of investments and portfolio management at Dubai Holding. Altanani is ADQ\u2019s M&A and alternative investments associate director.<\/p>\n

Tax Authority welcomes new head: Finance Minister Mohamed Maait<\/strong> has promoted the deputy head of the Tax Authority, Mokhtar Tawfik<\/strong>, as its new head, according to a Finance Ministry decision seen by Al Masry Al Youm<\/a>. He succeeds Reda Abdelkader, who was appointed assistant minister for tax affairs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawry has appointed Ahmed Altanani (LinkedIn) and Aziz Moolji (LinkedIn) as board members representing Abu Dhabi sovereign wealth fund ADQ, which purchased an 11.8% stake in the company in April, Fawry announced in an EGX disclosure (pdf) following a meeting of its general assembly last week. Moolji serves as ADQ\u2019s M&A and alternative investments director […]<\/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":[7231],"tags":[299,2185,1758,1922,72,519,206,288],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548178","post","type-post","status-publish","format-standard","hentry","category-moves","tag-adq","tag-ahmed-altanani","tag-alpha-oryx","tag-aziz-moolji","tag-enterpriseam","tag-fawry","tag-moves","tag-tax-authority","wpautop","entry"],"acf":{"mongo_id":"ae6a91c8-00b6-40c2-981a-84dde498e569","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548164],"teaser":"","voice_url":""},"yoast_head":"\nADQ now has two board members at Fawry - 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\/07\/28\/adq-now-has-two-board-members-at-fawry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ now has two board members at Fawry\" \/>\n<meta property=\"og:description\" content=\"Fawry has appointed Ahmed Altanani (LinkedIn) and Aziz Moolji (LinkedIn) as board members representing Abu Dhabi sovereign wealth fund ADQ, which purchased an 11.8% stake in the company in April, Fawry announced in an EGX disclosure (pdf) following a meeting of its general assembly last week. Moolji serves as ADQ\u2019s M&A and alternative investments director […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-28T03:44:16+00:00\" \/>\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\/07\/28\/adq-now-has-two-board-members-at-fawry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADQ now has two board members at Fawry\",\"datePublished\":\"2022-07-28T03:44:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/\"},\"wordCount\":137,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ADQ\",\"Ahmed Altanani\",\"Alpha Oryx\",\"Aziz Moolji\",\"EnterpriseAM\",\"Fawry\",\"moves\",\"Tax Authority\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/adq-now-has-two-board-members-at-fawry\/\",\"name\":\"ADQ now has two board members at Fawry - 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Bloomberg\u2019s source did not disclose further details on how much the government has agreed to sell or an\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\/3\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545021,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/national-bank-of-egypt-ups-stake-in-fawry-is-a-stake-sale-to-adq-next\/","url_meta":{"origin":548178,"position":3},"title":"National Bank of Egypt ups stake in Fawry \u2014 is a stake sale to ADQ next?","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled stake to Abu Dhabi\u2019s ADQ. The National Bank of Egypt (NBE) has upped its stake in Fawry, less than a week after Banque Misr more than doubled its holdings in\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\/3\/711.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545818,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/adq-makes-grand-entry-into-the-egx-with-usd-1-8-bn-buy-launches-first-mena-spac-with-chimera\/","url_meta":{"origin":548178,"position":4},"title":"ADQ makes grand entry into the EGX with USD 1.8 bn buy + launches first MENA SPAC with Chimera","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"Abu Dhabi wealth fund ADQ acquired state-owned stakes in five EGX-listed companies yesterday as part of an agreement reached last month to provide Egypt with emergency liquidity as we grapple with fallout from Russia\u2019s war in Ukraine. The fund purchased shares in CIB, Fawry, Abu Qir Fertilizers, Mopco, and Alexandria\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\/4\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545715,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/10\/adq-could-buy-up-national-investment-banks-entire-stake-in-abu-qir\/","url_meta":{"origin":548178,"position":5},"title":"ADQ could buy up National Investment Bank\u2019s entire stake in Abu Qir","author":"enterpriseam admin","date":"10 April 2022","format":false,"excerpt":"Abu Dhabi wealth fund ADQ is on course to acquire the National Investment Bank\u2019s (NIB) entire 21.5% stake in Abu Qir Fertilizers as part of its USD 2 bn investment in Egypt, sources told Bloomberg Asharq, without disclosing the value of the sale. 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