{"id":549302,"date":"2022-09-12T04:00:17","date_gmt":"2022-09-12T04:00:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/"},"modified":"2022-09-12T04:00:17","modified_gmt":"2022-09-12T04:00:17","slug":"e-finance-to-buy-back-5-of-its-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/","title":{"rendered":"e-Finance to buy back 5% of its shares"},"content":{"rendered":"

<\/a> e-Finance announces big share buyback program: <\/strong>EGX-listed fintech operator e-Finance will buy back 5% of its shares over the next nine months in a bid to support its share price and boost investor confidence, the company said in an EGX disclosure (pdf)<\/a> posted on trading screens yesterday. The program could see the company purchase as many as 92.4 mn shares, costing it some EGP 1.46 bn at the current share price, according to our math.<\/p>\n

e-Finance\u2019s shares have slid this year even as it delivers solid operational results:<\/strong> The company\u2019s share price has fallen 23.7% YTD, and has shed 14.2% over the past five weeks. The company\u2019s net income doubled<\/a> y-o-y to EGP 279.3 mn in 2Q 2022 while its revenues rose 59% in the same period.<\/p>\n

Traders cheered the buyback program:<\/strong> Shares rose as much as 3.4% during trading yesterday, before paring some gains to close at EGP 15.41, up 2.8% for the day.<\/p>\n

The rationale:<\/strong> \u201cThe company\u2019s shares are currently trading at a level that does not reflect its real value, after the market suffered hits from the EGP devaluation and other global economic crises,\u201d a company official told Enterprise.<\/p>\n

e-Finance could use the buyback program to bring in another long-term shareholder:<\/strong> The company will likely resell the shares in a block transaction to an investor within a year of completing the buyback program to avoid any negative impact on its share price, the official said.<\/p>\n

The move comes a month after the Saudi wealth fund became the company\u2019s largest shareholder:<\/strong> The Public Investment Fund purchased last month a 25% stake<\/a> in the state-owned company in an EGP 7.5 bn transaction, becoming its single-biggest shareholder. State-owned enterprises collectively own 49.1% of the company\u2019s shares while the remainder are freefloat.<\/p>\n

The EGX has seen tough times since the company made its <\/strong>EGP 5.8 bn market debut<\/a><\/strong> in November 2021:<\/strong> Inflationary pressure, rising interest rates in western economies, and a downturn in global markets have all contributed to a steep decline in the EGX 30 this year as investors have exited stage right in a risk-off. The benchmark index fell to its lowest level since November 2016<\/a> earlier this year, before paring losses in a recent rally. It is currently down 14.1% YTD.<\/p>\n

e-Finance isn\u2019t the only company to repurchase shares:<\/strong> Edita also last month announced plans<\/a> to repurchase 5% of its shares in August and September to shore up its share price, which is now up 14% YTD and 19.7% since the buyback announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"

e-Finance announces big share buyback program: EGX-listed fintech operator e-Finance will buy back 5% of its shares over the next nine months in a bid to support its share price and boost investor confidence, the company said in an EGX disclosure (pdf) posted on trading screens yesterday. The program could see the company purchase as […]<\/p>\n","protected":false},"author":1,"featured_media":549303,"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":[7303],"tags":[102,339,68,72,164],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-e-finance","tag-egx","tag-enterpriseam","tag-equities","wpautop","entry"],"acf":{"mongo_id":"23131ce3-403e-4cc5-9537-9b43d590a5a3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/191.jpg","photo_position":"above","related_issue":[549296],"teaser":"","voice_url":""},"yoast_head":"\ne-Finance to buy back 5% of its shares - 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\/12\/e-finance-to-buy-back-5-of-its-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance to buy back 5% of its shares\" \/>\n<meta property=\"og:description\" content=\"e-Finance announces big share buyback program: EGX-listed fintech operator e-Finance will buy back 5% of its shares over the next nine months in a bid to support its share price and boost investor confidence, the company said in an EGX disclosure (pdf) posted on trading screens yesterday. The program could see the company purchase as […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T04:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"e-Finance to buy back 5% of its shares\",\"datePublished\":\"2022-09-12T04:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\"},\"wordCount\":407,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"e-finance\",\"EGX\",\"EnterpriseAM\",\"equities\"],\"articleSection\":[\"Capital markets\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\",\"name\":\"e-Finance to buy back 5% of its shares - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-09-12T04:00:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"e-Finance to buy back 5% of its shares\"}]},{\"@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":"e-Finance to buy back 5% of its shares - 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\/12\/e-finance-to-buy-back-5-of-its-shares\/","og_locale":"en_US","og_type":"article","og_title":"e-Finance to buy back 5% of its shares","og_description":"e-Finance announces big share buyback program: EGX-listed fintech operator e-Finance will buy back 5% of its shares over the next nine months in a bid to support its share price and boost investor confidence, the company said in an EGX disclosure (pdf) posted on trading screens yesterday. The program could see the company purchase as […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-09-12T04:00:17+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"e-Finance to buy back 5% of its shares","datePublished":"2022-09-12T04:00:17+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/"},"wordCount":407,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1","keywords":["capital markets","e-finance","EGX","EnterpriseAM","equities"],"articleSection":["Capital markets"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/","name":"e-Finance to buy back 5% of its shares - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1","datePublished":"2022-09-12T04:00:17+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"e-Finance to buy back 5% of its shares"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":549819,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/ekh-announces-usd-20-mn-share-buyback-efg-hermes-tops-the-brokerage-league-table-in-september\/","url_meta":{"origin":549302,"position":0},"title":"EKH announces USD 20 mn share buyback + EFG Hermes tops the brokerage league table in September","author":"enterpriseam admin","date":"2 October 2022","format":false,"excerpt":"Egyptian Kuwait Holding (EKH) will spend USD 20 mn buying back around 1.5% of the company (16.9 mn shares) over the next year in a bid to buoy its share price, the company said in disclosures to the EGX (here, pdf and here, pdf) on Wednesday. The company\u2019s share price\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553120,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/edita-to-buy-back-another-3-8-of-shares-over-3-months\/","url_meta":{"origin":549302,"position":1},"title":"Edita to buy back another 3.8% of shares over 3 months","author":"enterpriseam admin","date":"20 October 2022","format":false,"excerpt":"Edita\u2019s board of directors has approved plans to buy back 3.8% of its shares as the company looks to support its share price, it said in disclosures to the EGX (pdf and pdf) yesterday. The company will repurchase 28 mn shares over the next three months, taking its buyback program\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550229,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/19\/swvl-could-get-booted-off-the-nasdaq-oih-joins-the-egx-buyback-club\/","url_meta":{"origin":549302,"position":2},"title":"Swvl could get booted off the Nasdaq + OIH joins the EGX buyback club","author":"enterpriseam admin","date":"19 October 2022","format":false,"excerpt":"US- and locally-listed firms are steering their stock through choppy waters: Over on Wall Street, Cairo-born Swvl is reportedly considering combining (through a reverse stock split) or canceling some of its shares as it looks to avoid delisting due to low trading price. Closer to home, Orascom Investment Holding is\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548314,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/03\/edita-launches-new-share-buyback-program\/","url_meta":{"origin":549302,"position":3},"title":"Edita launches new share buyback program","author":"enterpriseam admin","date":"3 August 2022","format":false,"excerpt":"Edita announces share buybacks: Edita will buy back 5% of its shares over the next two months in a bid to support its share price, it said in a disclosure (pdf) to the bourse yesterday. The EGX-listed snackmaker said it would repurchase 36.2 mn shares, a program that would cost\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/131.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557128,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/a-queue-of-companies-want-the-abu-qir-metro-project-speed-medical-plans-buyback-as-share-price-falls\/","url_meta":{"origin":549302,"position":4},"title":"A queue of companies want the Abu Qir metro project + Speed Medical plans buyback as share price falls","author":"enterpriseam admin","date":"7 September 2021","format":false,"excerpt":"The Transport Ministry is considering 16 local and international consortiums to implement Alexandria\u2019s Abu Qir metro project, unnamed sources at the ministry told Al Mal. The consortiums include Egypt\u2019s ElSewedy Electric-Siemens, Orascom-Arab Contractors as well as India\u2019s Larsen & Toubro and South Korea\u2019s Hyundai Rotem, Spain\u2019s Construcciones y Auxiliar de\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573008,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/egypt-kuwait-holding-resumes-usd-20-mn-share-buyback\/","url_meta":{"origin":549302,"position":5},"title":"Egypt Kuwait Holding resumes USD 20 mn share buyback","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"\u00a0The board of Egypt Kuwait Holding (EKH) approved resuming its USD 20 mn buyback program\u00a0 to purchase 14.85 mn of its shares from the EGX, equivalent to 1.45% of the company\u2019s total share capital, according to a regulatory filing (pdf). The company began its program to purchase treasury stock earlier\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549302","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=549302"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549302\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/549303"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549302"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549302"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}