{"id":549485,"date":"2022-09-19T04:00:33","date_gmt":"2022-09-19T04:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/"},"modified":"2022-09-19T04:00:33","modified_gmt":"2022-09-19T04:00:33","slug":"alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/","title":{"rendered":"Alex Containers welcomes new chairman after Gulf funds buy in"},"content":{"rendered":"

Islam Mohamed Abdel Fattah<\/strong> has been appointed chairman<\/strong> of Alexandria Container <\/strong>and Cargo Handling<\/strong> (ACCH), according to an EGX disclosure (pdf)<\/a>.<\/p>\n

ACCH is now majority-owned by Gulf sovereign funds:<\/strong> The EGX-listed firm recently saw a change in shareholders after the Saudi and Abu Dhabi sovereign funds acquired minority stakes as part of a USD multi-bn buying spree on the EGX. The Saudi Public Investment Fund (PIF) purchased a 20% stake<\/a> in Alex Containers for EGP 3 bn, while Abu Dhabi fund ADQ snapped up a 32% stake<\/a> for USD 186.1 mn. The Holding Company for Maritime and Land Transport was the reported seller to the PIF, while Alexandria Port Authority reportedly sold the stake to ADQ.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islam Mohamed Abdel Fattah has been appointed chairman of Alexandria Container and Cargo Handling (ACCH), according to an EGX disclosure (pdf). ACCH is now majority-owned by Gulf sovereign funds: The EGX-listed firm recently saw a change in shareholders after the Saudi and Abu Dhabi sovereign funds acquired minority stakes as part of a USD multi-bn […]<\/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":[299,2453,72,7111,206,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549485","post","type-post","status-publish","format-standard","hentry","category-moves","tag-adq","tag-alexandria-container-and-cargo-handling","tag-enterpriseam","tag-infrastructure","tag-moves","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"d6381ae6-051a-414d-bb3f-8ac04385bd4d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549468],"teaser":"","voice_url":""},"yoast_head":"\nAlex Containers welcomes new chairman after Gulf funds buy in - 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\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alex Containers welcomes new chairman after Gulf funds buy in\" \/>\n<meta property=\"og:description\" content=\"Islam Mohamed Abdel Fattah has been appointed chairman of Alexandria Container and Cargo Handling (ACCH), according to an EGX disclosure (pdf). ACCH is now majority-owned by Gulf sovereign funds: The EGX-listed firm recently saw a change in shareholders after the Saudi and Abu Dhabi sovereign funds acquired minority stakes as part of a USD multi-bn […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-19T04:00:33+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\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alex Containers welcomes new chairman after Gulf funds buy in\",\"datePublished\":\"2022-09-19T04:00:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ADQ\",\"Alexandria Container and Cargo Handling\",\"EnterpriseAM\",\"infrastructure\",\"moves\",\"Saudi Arabia\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/alex-containers-welcomes-new-chairman-after-gulf-funds-buy-in\/\",\"name\":\"Alex Containers welcomes new chairman after Gulf funds buy in - 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