{"id":549637,"date":"2022-09-25T04:00:06","date_gmt":"2022-09-25T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/"},"modified":"2022-09-25T04:00:06","modified_gmt":"2022-09-25T04:00:06","slug":"egbank-feeling-acquisitive","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/","title":{"rendered":"EGBank feeling acquisitive"},"content":{"rendered":"

Egyptian Gulf Bank (EGBank) will invest EGP 2 bn in non\u2013banking financial <\/strong>companies over the coming three years<\/strong>, CEO and Managing Director Nidel Assar told Bloomberg Asharq<\/a>. The bank will acquire direct and indirect stakes in a number of companies in the sector, he said, without disclosing which markets the bank is targeting.<\/p>\n

The Health Ministry has inaugurated a vaccine storage and distribution complex <\/strong>at state-owned vaccine maker Vacsera\u2019s Sixth of October facility<\/a> with the capacity to hold between 100-150 mn vaccines, according to a statement<\/a>. The automated cooling complex was implemented in cooperation with China\u2019s Sinovac<\/a> and built by China State Construction Engineering.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian Gulf Bank (EGBank) will invest EGP 2 bn in non\u2013banking financial companies over the coming three years, CEO and Managing Director Nidel Assar told Bloomberg Asharq. The bank will acquire direct and indirect stakes in a number of companies in the sector, he said, without disclosing which markets the bank is targeting. The Health […]<\/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":[111,107,5135,72,9125,478,113,477],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549637","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-covid-19","tag-egbank","tag-enterpriseam","tag-nbfi","tag-sinovac","tag-vaccines","tag-vacsera","wpautop","entry"],"acf":{"mongo_id":"803a43d5-0fcb-45fd-8259-670c84fb46a1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549619],"teaser":"","voice_url":""},"yoast_head":"\nEGBank feeling acquisitive - 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\/25\/egbank-feeling-acquisitive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGBank feeling acquisitive\" \/>\n<meta property=\"og:description\" content=\"Egyptian Gulf Bank (EGBank) will invest EGP 2 bn in non\u2013banking financial companies over the coming three years, CEO and Managing Director Nidel Assar told Bloomberg Asharq. The bank will acquire direct and indirect stakes in a number of companies in the sector, he said, without disclosing which markets the bank is targeting. The Health […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-25T04:00:06+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\/25\/egbank-feeling-acquisitive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGBank feeling acquisitive\",\"datePublished\":\"2022-09-25T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"covid-19\",\"Egbank\",\"EnterpriseAM\",\"NBFI\",\"Sinovac\",\"vaccines\",\"Vacsera\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\",\"name\":\"EGBank feeling acquisitive - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-09-25T04:00:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGBank feeling acquisitive\"}]},{\"@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":"EGBank feeling acquisitive - 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\/25\/egbank-feeling-acquisitive\/","og_locale":"en_US","og_type":"article","og_title":"EGBank feeling acquisitive","og_description":"Egyptian Gulf Bank (EGBank) will invest EGP 2 bn in non\u2013banking financial companies over the coming three years, CEO and Managing Director Nidel Assar told Bloomberg Asharq. The bank will acquire direct and indirect stakes in a number of companies in the sector, he said, without disclosing which markets the bank is targeting. The Health […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-09-25T04:00:06+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\/25\/egbank-feeling-acquisitive\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGBank feeling acquisitive","datePublished":"2022-09-25T04:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/"},"wordCount":109,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["ALSO ON OUR RADAR","covid-19","Egbank","EnterpriseAM","NBFI","Sinovac","vaccines","Vacsera"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/","name":"EGBank feeling acquisitive - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-09-25T04:00:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/25\/egbank-feeling-acquisitive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGBank feeling acquisitive"}]},{"@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":544233,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/20\/earnings-watch-adib-odin-investments-egytrans-suez-canal-bank-and-egbank-report-2021-results\/","url_meta":{"origin":549637,"position":0},"title":"Earnings watch: ADIB, Odin Investments, Egytrans, Suez Canal Bank, and EGBank report 2021 results","author":"enterpriseam admin","date":"20 February 2022","format":false,"excerpt":"EARNINGS WATCH-Abu Dhabi Islamic Bank reported EGP 1.45 bn in net income in 2021, up 22% y-o-y, according to the bank\u2019s financial statement (pdf). The bank\u2019s interest income rose 13.4% y-o-y to record EGP 8.2 bn for the year.Odin Investments\u2019 losses widened to EGP 2.55 mn in 2021, from EGP\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":571524,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/digital-lender-shahry-raises-usd-650k-in-pre-seed-funding\/","url_meta":{"origin":549637,"position":1},"title":"Digital lender Shahry raises USD 650k in pre-seed funding","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"STARTUP WATCH- Digital lender Shahry raises USD 650k in pre-seed funding: Cairo-based digital lender Shahry has secured USD 650k in pre-seed funding from the investment arm of Egbank, the company told MenaBytes. The company\u2019s mobile app allows users to apply for virtual credit and use it to purchase products and\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":[]},{"id":611940,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/ades-holding-handed-10-year-contract-to-operate-suez-brownfields-plus-beltone-mortgage-majid-al-futtaim-sky-investments-egbank\/","url_meta":{"origin":549637,"position":2},"title":"ADES Holding handed 10-year contract to operate Suez brownfields. PLUS: Beltone Mortgage, Majid Al Futtaim, Sky Investments, EGBank","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"ADES LANDS SUEZ BROWNFIELDS- A consortium led by the Saudi Public Investment Fund (PIF)-backed ADES Holding was awarded a 10-year contract to operate and ramp up oil production at maturing fields operate by Suez Oil Company and Offshore Shukeir Oil Company. The contract, awarded by the Egyptian General Petroleum Corporation,\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\/2023\/12\/975.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646647,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/20\/aur-capital-to-invest-egp-22-bn-over-the-next-five-years\/","url_meta":{"origin":549637,"position":3},"title":"Aur Capital to invest EGP 22 bn over the next five years","author":"enterpriseam admin","date":"20 June 2017","format":false,"excerpt":"Former Investment Minister Ashraf Salman says his new private equity outfit, Aur Capital, will invest as much as EGP 22 bn in the next five years, Daily News Egypt reports (that about USD 1.2 bn if you, like us, are still struggling with the FX conversion math). The consumer-focused GP\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":[]},{"id":652262,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/egyptian-arab-land-bank-arranging-egp-500-mn-for-cancer-vaccine-factory\/","url_meta":{"origin":549637,"position":4},"title":"Egyptian Arab Land Bank arranging EGP 500 mn for cancer vaccine factory","author":"enterpriseam admin","date":"4 January 2017","format":false,"excerpt":"The Egyptian Arab Land Bank is arranging an EGP 500 mn syndicated loan to finance a cancer vaccine factory built by Pharco Pharma and the ministries of health and military production, bank VP Adnan El Sharkawy told Amwal Al Ghad. The estimated total cost of the production line is EGP\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557439,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/afdb-could-work-with-egypt-to-export-vaccines\/","url_meta":{"origin":549637,"position":5},"title":"AfDB could work with Egypt to export vaccines","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"The African Development Bank (AfDB) could help fund Egypt\u2019s bid to become Africa\u2019s vaccine hub: Senior bank officials were in town last week for talks with International Cooperation Minister Rania Al Mashat and Vacsera representatives to discuss the bank\u2019s potential involvement in increasing the state-owned vaccine maker\u2019s production capacity and\u2026","rel":"","context":"In "COVID WATCH"","block_context":{"text":"COVID WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/covid-watch\/"},"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\/549637","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=549637"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549637\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549619"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549637"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549637"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}