{"id":555843,"date":"2021-11-29T04:00:03","date_gmt":"2021-11-29T04:00:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/cib-nbe-take-further-steps-for-financial-inclusion\/"},"modified":"2021-11-29T04:00:03","modified_gmt":"2021-11-29T04:00:03","slug":"cib-nbe-take-further-steps-for-financial-inclusion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/cib-nbe-take-further-steps-for-financial-inclusion\/","title":{"rendered":"CIB + NBE take further steps for financial inclusion"},"content":{"rendered":"

CIB will allow clients to open bank accounts without proof of income<\/strong> under a new type of account dubbed Bedaya that aims to give youth, home-makers and freelancers access to financial services as part of its drive for financial inclusion, according to a statement (pdf)<\/a>.<\/p>\n

A retail investor is selling a 5% stake (49 mn shares) in Rameda Pharma to an unnamed <\/strong>foreign institutional <\/strong>investor<\/strong>, after shareholders approved the sale during their annual general meeting on Thursday, the company said in a disclosure to the bourse (pdf)<\/a>. The shareholder \u2014 Seddik Mohamed Seddik \u2014 is selling the shares on the condition that the investor holds onto the shares for the remainder of the post-IPO lock-up period.<\/p>\n

French hotelier Accor <\/strong>will open a Movenpick residential property<\/a><\/strong> featuring 150 serviced apartments in the new administrative capital<\/strong> in 2026, in partnership with Al Burouj Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB will allow clients to open bank accounts without proof of income under a new type of account dubbed Bedaya that aims to give youth, home-makers and freelancers access to financial services as part of its drive for financial inclusion, according to a statement (pdf). A retail investor is selling a 5% stake (49 mn […]<\/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":[9127,111,204,155,72,290,461,494,955,3272,248,875,427,449],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555843","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-accor","tag-also-on-our-radar","tag-banking","tag-digitization","tag-enterpriseam","tag-financial-inclusion","tag-gafi","tag-hayah-karima","tag-hospitality","tag-movenpick","tag-national-bank-of-egypt","tag-new-administrative-capital","tag-pharma","tag-rameda-pharma","wpautop","entry"],"acf":{"mongo_id":"498c1d16-a998-4807-9309-fcdf1f100df2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555821],"teaser":"","voice_url":""},"yoast_head":"\nCIB + NBE take further steps for financial inclusion - 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\/29\/cib-nbe-take-further-steps-for-financial-inclusion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB + NBE take further steps for financial inclusion\" \/>\n<meta property=\"og:description\" content=\"CIB will allow clients to open bank accounts without proof of income under a new type of account dubbed Bedaya that aims to give youth, home-makers and freelancers access to financial services as part of its drive for financial inclusion, according to a statement (pdf). 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That works out to an average price per share\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/rameda-throws-its-hat-in-the-ring-for-gsks-egypt-business\/","url_meta":{"origin":555843,"position":1},"title":"Rameda throws its hat in the ring for GSK\u2019s Egypt business","author":"enterpriseam admin","date":"3 February 2021","format":false,"excerpt":"Ladies and gentlemen, we have a good, old-fashioned bidding war: Rameda Pharma is the latest to show interest in GlaxoSmithKline's Egypt business, joining LSE-listed Hikma Pharma and pharma industry investor Acdima \u2014 who are both planning their own bids. The company has submitted a non-binding letter of interest to GSK\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593412,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/27\/rameda-prices-its-ipo-at-egp-4-66-per-share\/","url_meta":{"origin":555843,"position":2},"title":"Rameda prices its IPO at EGP 4.66 per share","author":"enterpriseam admin","date":"27 November 2019","format":false,"excerpt":"IPO WATCH- Rameda has priced its IPO at EGP 4.66 per share: Rameda Pharma has announced (pdf) that it will offer 376,606,000 shares at a price of EGP 4.66 per ordinary share in an initial public offering on the EGX. The Arabic-language public subscription notice (PSN) to local investors is\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":593462,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/fra-gives-rameda-green-light-on-public-subscription-notice\/","url_meta":{"origin":555843,"position":3},"title":"FRA gives Rameda green light on public subscription notice","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"IPO WATCH- Market regulator gives Rameda green light on public subscription notice: The Financial Regulatory Authority (FRA) has approved Rameda Pharma\u2019s public subscription notice (pdf) to local investors for its initial public offering on the EGX, according to a statement to the bourse (pdf). Rameda has announced (pdf) that it\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\/2020\/1\/626.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591230,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/rameda-pharma-retail-offering-oversubscribed-on-first-day\/","url_meta":{"origin":555843,"position":4},"title":"Rameda Pharma retail offering oversubscribed on first day","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"IPO WATCH- Rameda Pharma retail offering oversubscribed on first day: The retail component of Rameda\u2019s IPO was oversubscribed at the close of play on Thursday, market sources told the local press. Retail investors put in orders for 19.65 mn shares, handily covering the 18.83 mn shares offered by the pharma\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":593231,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/rameda-receives-greenlight-for-ipo-this-year\/","url_meta":{"origin":555843,"position":5},"title":"Rameda receives greenlight for IPO this year","author":"enterpriseam admin","date":"21 November 2019","format":false,"excerpt":"IPO WATCH- Rameda gets nod for share listing, will go public before the end of the year \u2013FRA: Rameda Pharma has received approval from the Financial Regulatory Authority (FRA) to go public on the EGX before the end of this year, FRA boss Mohamed Omran said at a press conference\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\/2019\/8\/EGX-1600px.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\/555843","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=555843"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555843\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555821"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555843"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555843"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}