{"id":557528,"date":"2021-09-22T03:59:37","date_gmt":"2021-09-22T03:59:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/"},"modified":"2021-09-22T03:59:37","modified_gmt":"2021-09-22T03:59:37","slug":"contact-cars-acquires-sa3ar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/","title":{"rendered":"Contact Cars acquires Sa3ar"},"content":{"rendered":"<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>Egyptian auto marketplace Contact Cars has acquired car e-commerce platform <\/strong><strong><a href=\"https:\/\/www.sa3ar.com\/\">Sa3ar<\/a><\/strong> for an undisclosed sum, the company <a href=\"https:\/\/ent.news\/2021\/9\/202109219_Contact-Financial_Sa3ar-Acquisition_EN.pdf\">announced (pdf)<\/a> yesterday.<\/p>\n<p><strong>Sa3ar is an online platform that allows customers to value, sell, and bid for used cars<\/strong>. It offers technology that enables sellers to value vehicles at no charge while backing a dealer-specific auction platform. Contact Cars, a subsidiary of Contact Financial, said it will work with the Sa3ar team to integrate its pricing and auction technology into its platform and launch new services.<\/p>\n<p><strong>More investment and \/ or M&A to come? <\/strong>\u201cThis is just the first step in a series of investments which will be announced in due course,\u201d Contact Financial CEO Saeed Zater said.<\/p>\n<p><strong>Contact Financial has been <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f7d674d-f29f-485a-9c9a-e68debf5a728\">busy lately<\/a><\/strong>, joining forces with Abou Ghaly Motors to launch a new provider of auto loans. It is also looking to launch an e-payments company soon and could obtain a license later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian auto marketplace Contact Cars has acquired car e-commerce platform Sa3ar for an undisclosed sum, the company announced (pdf) yesterday. Sa3ar is an online platform that allows customers to value, sell, and bid for used cars. It offers technology that enables sellers to value vehicles at no charge while backing a dealer-specific auction platform. Contact [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":557529,"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":[7363],"tags":[933,72,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-contact-financial","tag-enterpriseam","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"6bf13e6a-b37e-4c22-93bf-423d578780b4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/305.jpg","photo_position":"above","related_issue":[557524],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Contact Cars acquires Sa3ar - 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\/09\/22\/contact-cars-acquires-sa3ar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contact Cars acquires Sa3ar\" \/>\n<meta property=\"og:description\" content=\"Egyptian auto marketplace Contact Cars has acquired car e-commerce platform Sa3ar for an undisclosed sum, the company announced (pdf) yesterday. Sa3ar is an online platform that allows customers to value, sell, and bid for used cars. It offers technology that enables sellers to value vehicles at no charge while backing a dealer-specific auction platform. Contact [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-22T03:59:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/305.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Contact Cars acquires Sa3ar\",\"datePublished\":\"2021-09-22T03:59:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/\"},\"wordCount\":161,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/305.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Contact Financial\",\"EnterpriseAM\",\"M&amp;A Watch\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/22\/contact-cars-acquires-sa3ar\/\",\"name\":\"Contact Cars acquires Sa3ar - 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Also: The Sopranos prequel movie is out today, but you\u2019ll have to wait until 1 Oct to see it here.","author":"enterpriseam admin","date":"22 September 2021","format":false,"excerpt":"Egypt\u2019s appeal to Gulf investors appears on the upswing once again. Just one week ago, Aldar and ADQ announced they were launching a mandatory tender offer to for up to 90% of upmarket real estate developer SODIC. 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Revenues for the quarter grew 37.1% y-o-y to EGP 393.9 mn, marking the company\u2019s highest-ever quarterly revenues. 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