{"id":549213,"date":"2022-09-07T04:00:36","date_gmt":"2022-09-07T04:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/"},"modified":"2022-09-07T04:00:36","modified_gmt":"2022-09-07T04:00:36","slug":"investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/","title":{"rendered":"Investors have a week to get their money back from Ghazl El Mahalla"},"content":{"rendered":"

Would-be investors in Ghazl El Mahalla have a week to cancel their<\/strong> orders<\/strong> following the club\u2019s failed IPO<\/a>, according to an EGX bulletin (pdf)<\/a>. The 500 retail investors who subscribed to the offering have the option to pull their money or remain on board as private shareholders until the club gives the IPO another shot. Just 18% of the 98 mn shares in the retail component were covered in a subscription period that lasted more than two months.<\/p>\n

Ghazl El Mahalla hasn\u2019t thrown in the towel just yet: <\/strong>The firm plans to wait until mid-2023 until trying again, Mohamed Maher, CEO of IPO bookrunner Prime Holdings, told us previously. \u201cWe may change our strategy next time and include a strategic investor,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Would-be investors in Ghazl El Mahalla have a week to cancel their orders following the club\u2019s failed IPO, according to an EGX bulletin (pdf). The 500 retail investors who subscribed to the offering have the option to pull their money or remain on board as private shareholders until the club gives the IPO another shot. […]<\/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":[7209],"tags":[111,72,9093,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549213","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-ghazl-el-mahalla","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"69f42157-7741-4aa9-8e2f-c9584cabd809","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549191],"teaser":"","voice_url":""},"yoast_head":"\nInvestors have a week to get their money back from Ghazl El Mahalla - 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\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors have a week to get their money back from Ghazl El Mahalla\" \/>\n<meta property=\"og:description\" content=\"Would-be investors in Ghazl El Mahalla have a week to cancel their orders following the club\u2019s failed IPO, according to an EGX bulletin (pdf). The 500 retail investors who subscribed to the offering have the option to pull their money or remain on board as private shareholders until the club gives the IPO another shot. […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-07T04:00:36+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\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Investors have a week to get their money back from Ghazl El Mahalla\",\"datePublished\":\"2022-09-07T04:00:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\"},\"wordCount\":135,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Ghazl El Mahalla\",\"IPO watch\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\",\"name\":\"Investors have a week to get their money back from Ghazl El Mahalla - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-09-07T04:00:36+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investors have a week to get their money back from Ghazl El Mahalla\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Investors have a week to get their money back from Ghazl El Mahalla - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/","og_locale":"en_US","og_type":"article","og_title":"Investors have a week to get their money back from Ghazl El Mahalla","og_description":"Would-be investors in Ghazl El Mahalla have a week to cancel their orders following the club\u2019s failed IPO, according to an EGX bulletin (pdf). The 500 retail investors who subscribed to the offering have the option to pull their money or remain on board as private shareholders until the club gives the IPO another shot. […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-09-07T04:00:36+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Investors have a week to get their money back from Ghazl El Mahalla","datePublished":"2022-09-07T04:00:36+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/"},"wordCount":135,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["ALSO ON OUR RADAR","EnterpriseAM","Ghazl El Mahalla","IPO watch"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/","name":"Investors have a week to get their money back from Ghazl El Mahalla - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-09-07T04:00:36+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/investors-have-a-week-to-get-their-money-back-from-ghazl-el-mahalla\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Investors have a week to get their money back from Ghazl El Mahalla"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":547663,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/03\/ghazl-el-mahalla-ipo-could-be-extended\/","url_meta":{"origin":549213,"position":0},"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 "IPO"","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":546654,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/ghazl-el-mahalla-could-wrap-its-ipo-in-june\/","url_meta":{"origin":549213,"position":1},"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 "IPO"","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":547091,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/ghazl-el-mahallas-public-offering-begins-next-sunday\/","url_meta":{"origin":549213,"position":2},"title":"Ghazl El Mahalla\u2019s public offering begins next Sunday","author":"enterpriseam admin","date":"8 June 2022","format":false,"excerpt":"The public placement for Ghazl El Mahalla FC\u2019s IPO will begin on Sunday, 12 June and last until Friday, 1 July, according to a press release (pdf) out yesterday. 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 "IPO"","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":548593,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/ghazl-el-mahalla-has-another-two-weeks-to-land-its-micro-ipo\/","url_meta":{"origin":549213,"position":3},"title":"Ghazl El Mahalla has another two weeks to land its micro-IPO","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"The retail component of Ghazl El Mahalla\u2019s IPO has been extended for another two weeks until 28 August due to weak investor demand, according to an EGXbulletin. Subscription was supposed to close yesterday, but the football club has so far only received bids for around 22% of the shares allocated\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/246.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548961,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/ghazl-el-mahallas-micro-ipo-misfires-in-extra-time\/","url_meta":{"origin":549213,"position":4},"title":"Ghazl El Mahalla\u2019s micro-IPO misfires in extra time","author":"enterpriseam admin","date":"29 August 2022","format":false,"excerpt":"Retail investors put in orders for just 18% of the shares made available to the public in Ghazl El Mahalla FC\u2019s mico-IPO when the subscription period ended yesterday after multiple extensions. That means the football club will not be making its debut on the EGX as planned. By market close\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/425.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/a-spring-debut-on-the-egx-planned-for-ghazl-el-mahalla\/","url_meta":{"origin":549213,"position":5},"title":"A spring debut on the EGX planned for Ghazl El Mahalla","author":"enterpriseam admin","date":"20 February 2022","format":false,"excerpt":"Ghazl El Mahalla FC will debut on the EGX at the beginning of April, BloombergAsharq quotes Mohamed Maher, head of bookrunner Prime Holding, as saying. The IPO prospectus will be released \u201cwithin days\u201d and the subscription period will run from the end of February until mid-March, Maher said.Refresher: Ghazl El\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/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\/549213","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=549213"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549213\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549191"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549213"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549213"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}