{"id":559800,"date":"2021-02-04T03:56:40","date_gmt":"2021-02-04T03:56:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/"},"modified":"2021-02-04T03:56:40","modified_gmt":"2021-02-04T03:56:40","slug":"ebtikar-eyes-2h2021-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/","title":{"rendered":"Ebtikar eyes 2H2021 IPO"},"content":{"rendered":"

<\/a> Ebtikar<\/a><\/strong> is p<\/strong>lanning an EGX debut in the second half of <\/strong>202<\/strong>1<\/strong>, Omar El Labban, the IR director of majority shareholder B Investments, told Enterprise. The listing will only take place after the company has spun off most activities it has now that aren\u2019t related to e-payments, he said.<\/p>\n

This is the first time Ebtikar has targeted a specific timeframe to close the IPO<\/strong>, El Labban tells us. Local press chatter had claimed<\/a> the company was eyeing a 1Q2021 listing, but this was speculation, he said. A separate press report also claimed the company will sell a 25-30% stake<\/a>. El Labban declined to disclose the potential size of the offering.<\/p>\n

Post-spin off:<\/strong> E-payment businesses Bee<\/a> and Masary<\/a> will remain under the Ebtikar umbrella. Its non-banking financial services activities will be spun out into a new company. These include Vitas Egypt<\/a> and its portfolio company Tamweel Holding<\/a>, El Labban said. Tamweel is a mortgage and consumer finance, factoring, and leasing player, while Vitas is a microfinance provider. Local press reports<\/a> claimed last month that the new firm will be called Basata.<\/p>\n

Why the split?<\/strong> The company wants to capitalize on growing investor appetite for digital payments companies, El Labban said. Industry giant Fawry is the standard bearer in this respect, becoming the country\u2019s first bn-USD tech company one year after listing on the EGX<\/a>.<\/p>\n

Ebtikar hired EFG Hermes last year to explore its \u201cstrategic listing options,\u201d<\/strong> and had been mulling to take one or two of its subsidiaries public, it said<\/a> at the time. Private investors already approached EFG Hermes for stakes before it pulls the plug on the IPO, according to a local press report<\/a> out yesterday, quoting sources \u201cclose to the offering.\u201d The company has reportedly tapped Zaki Hashem & Partners as legal advisor<\/strong>, the sources say.<\/p>\n

Who owns what?<\/strong> Ebtikar is jointly owned<\/a> by B Investments (50.1%) and MM Group (49.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Ebtikar is planning an EGX debut in the second half of 2021, Omar El Labban, the IR director of majority shareholder B Investments, told Enterprise. The listing will only take place after the company has spun off most activities it has now that aren\u2019t related to e-payments, he said. This is the first time Ebtikar […]<\/p>\n","protected":false},"author":1,"featured_media":559801,"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":[139,138,72,1473,125,78,1759,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-bee-smart-payment-solutions","tag-ebtikar","tag-enterpriseam","tag-investment-banking","tag-investment-watch","tag-ipo-watch","tag-masary","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"eabded71-9b2e-492f-aef6-60aa567eb8e4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/83.jpg","photo_position":"above","related_issue":[559794],"teaser":"","voice_url":""},"yoast_head":"\nEbtikar eyes 2H2021 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\/02\/04\/ebtikar-eyes-2h2021-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ebtikar eyes 2H2021 IPO\" \/>\n<meta property=\"og:description\" content=\"Ebtikar is planning an EGX debut in the second half of 2021, Omar El Labban, the IR director of majority shareholder B Investments, told Enterprise. The listing will only take place after the company has spun off most activities it has now that aren\u2019t related to e-payments, he said. This is the first time Ebtikar […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T03:56:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/83.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\/02\/04\/ebtikar-eyes-2h2021-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ebtikar eyes 2H2021 IPO\",\"datePublished\":\"2021-02-04T03:56:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/\"},\"wordCount\":316,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/83.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bee Smart Payment Solutions\",\"Ebtikar\",\"EnterpriseAM\",\"investment banking\",\"investment watch\",\"IPO watch\",\"Masary\",\"non-banking financial services\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/\",\"name\":\"Ebtikar eyes 2H2021 IPO - 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The move is likely meant to grow the company\u2019s mortgage finance portfolio to EGP 700 mn in 2021, up from around EGP 606 mn\u2026","rel":"","context":"In "SPEED ROUND: DEBT WATCH"","block_context":{"text":"SPEED ROUND: DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567773,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/nbfs-player-ebtikar-plans-1q2021-ipo\/","url_meta":{"origin":559800,"position":4},"title":"NBFS player Ebtikar plans 1Q2021 IPO","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"Ebtikar plans to list a 25-30% stake when it makes its EGX debut in 1Q2021, thelocal press reports, citing people familiar with the matter. The final size of the offering will be announced after the company wraps up a fair value study, the sources added. Ebtikar is a non-bank financial\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560344,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/24\/vodafone-to-acquire-20-in-fintech-players-bee-and-masary\/","url_meta":{"origin":559800,"position":5},"title":"Vodafone to acquire 20% in fintech players Bee and Masary","author":"enterpriseam admin","date":"24 February 2021","format":false,"excerpt":"Vodafone Egypt is set to acquire a 20% stake in each of Bee and Masary \u2014 both subsidiaries of non-banking financial services provider Ebtikar \u2014 under the terms of an MoU between Ebtikar and Vodafone, Hapi Journal reports. Vodafone will acquire the stakes through a capital increase. 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