{"id":555066,"date":"2021-11-01T03:50:19","date_gmt":"2021-11-01T03:50:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/"},"modified":"2021-11-01T03:50:19","modified_gmt":"2021-11-01T03:50:19","slug":"misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/","title":{"rendered":"Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO"},"content":{"rendered":"

<\/a> Misr Ins. <\/strong>Holding has bid for 40% of the shares that Ghazl El <\/strong>Mahalla Football Club will offer to<\/strong> institutional investors in its upcoming IPO<\/strong>, according to statements made by Public Enterprises Minister Hisham Tawfik published in Hapi Journal (pdf)<\/a> yesterday. The state-owned giant has subscribed to EGP 15 mn worth of shares on offer in the EGP 37 mn private placement, he said.<\/p>\n

The private placement portion of the sale is set to go through in November<\/strong>, the minister said, with the retail offering of the club's IPO now set to hit the market in December<\/a>, after having earlier been slated for November. The sale is expected to raise EGP 135 mn, which would be done via newly-issued shares that would see up to two-thirds of the club listed on the exchange. Another EGP 98 mn will be earmarked for sale to individual retail investors, Prime Holding CEO Mohamed Maher \u2014 whose firm is quarterbacking the debut\u2014 had told us over the summer. We have more on how the sale will be structured here<\/a>.<\/p>\n

Keep this in perspective:<\/strong> The Ghazl El Mahalla sale is tiny, especially when compared to e-Finance\u2019s IPO<\/a> last month, which raised some EGP 5.8 bn. The e-Finance transaction has breathed new life into the state\u2019s long dormant privatization program<\/a>, with Maher earlier telling Masrawy that e-Finance\u2019s success encouraged Ghazl El Mahalla to go ahead with its own IPO.<\/p>\n

What other state companies are thinking of taking the plunge? <\/strong>Four more state-owned companies could hit the bourse before the end of the current fiscal year in June, Public Enterprise Minister Hisham Tawfik said previously<\/a>. Aside from the football club, Banque du Caire is a candidate, after its IPO was postponed<\/a> in the wake of covid-induced market turmoil, while e-Finance has also made clear its ambitions to list two of its subsidiaries<\/a> in the wake of its successful debut last month. There are also offerings in the pipeline for several large government-owned firms beyond that date, Tawfik said.<\/p>\n

And several private sector players have intentions to go public: <\/strong>Macro Pharma<\/a> has plans to list, having made a last-minute u-turn on its IPO in April and subsequently hired EFG Hermes, while the parent company of healthy foods brand Abu Auf<\/a> is considering floating 49% of its shares on the exchange. Non-bank financial services player Ebtikar<\/a> has also said it could go to market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Misr Ins. Holding has bid for 40% of the shares that Ghazl El Mahalla Football Club will offer to institutional investors in its upcoming IPO, according to statements made by Public Enterprises Minister Hisham Tawfik published in Hapi Journal (pdf) yesterday. The state-owned giant has subscribed to EGP 15 mn worth of shares on offer […]<\/p>\n","protected":false},"author":1,"featured_media":555067,"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":[7224],"tags":[68,72,9093,153,78,472,251,976],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-egx","tag-enterpriseam","tag-ghazl-el-mahalla","tag-hisham-tawfik","tag-ipo-watch","tag-misr-insurance-holding","tag-mohamed-maher","tag-prime-holding","wpautop","entry"],"acf":{"mongo_id":"93c62947-6df7-4fcb-a710-42afa40cb764","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/271.jpg","photo_position":"above","related_issue":[555057],"teaser":"","voice_url":""},"yoast_head":"\nMisr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO - 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\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO\" \/>\n<meta property=\"og:description\" content=\"Misr Ins. Holding has bid for 40% of the shares that Ghazl El Mahalla Football Club will offer to institutional investors in its upcoming IPO, according to statements made by Public Enterprises Minister Hisham Tawfik published in Hapi Journal (pdf) yesterday. The state-owned giant has subscribed to EGP 15 mn worth of shares on offer […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-01T03:50:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/271.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\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO\",\"datePublished\":\"2021-11-01T03:50:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\"},\"wordCount\":404,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/271.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterpriseAM\",\"Ghazl El Mahalla\",\"Hisham Tawfik\",\"IPO watch\",\"Misr Insurance Holding\",\"Mohamed Maher\",\"Prime Holding\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/misr-ins-wants-a-chunk-of-ghazl-el-mahalla-fc-ahead-of-ipo\/\",\"name\":\"Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO - 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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":554202,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/23\/ghazl-el-mahalla-kicks-off-institutional-subscription\/","url_meta":{"origin":555066,"position":4},"title":"Ghazl el Mahalla kicks off institutional subscription","author":"enterpriseam admin","date":"23 December 2021","format":false,"excerpt":"The institutional subscription for Ghazl El Mahalla\u2019s micro-IPO will be completed by the end of the week, the Public Enterprises Ministry said in a statement (pdf). Bookrunner Prime Holding is expected to finish the placement of at least EGP 37 mn worth of shares with institutional investors this week, while\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567896,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/10\/ghazl-el-mahalla-could-become-the-first-sports-club-to-hit-the-egx-in-1q2021\/","url_meta":{"origin":555066,"position":5},"title":"Ghazl El Mahalla could become the first sports club to hit the EGX in 1Q2021","author":"enterpriseam admin","date":"10 December 2020","format":false,"excerpt":"Ghazl El Mahalla could sell shares in an initial public offering on the EGX as soon as 1Q2021, Public Enterprises Minister Hisham Tawfik said, according to Al Mal. A joint-stock company the ministry set up earlier this year to incorporate the state-owned football club will target EGP 100 mn through\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\/2020\/12\/198.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\/555066","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=555066"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555066\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555067"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555066"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555066"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}