{"id":560717,"date":"2021-03-10T04:14:54","date_gmt":"2021-03-10T04:14:54","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/10\/gulf-consortium-eyes-stake-in-empower\/"},"modified":"2021-03-10T04:14:54","modified_gmt":"2021-03-10T04:14:54","slug":"gulf-consortium-eyes-stake-in-empower","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/10\/gulf-consortium-eyes-stake-in-empower\/","title":{"rendered":"Gulf consortium eyes stake in Empower"},"content":{"rendered":"

<\/a> Empower to raise EGP 400 mn from stake sale to Gulf consortium:<\/strong> A consortium of three Gulf companies and banks are eyeing an undisclosed stake in Egyptian waste management company Empower<\/a>, Chairperson Hatem Elgamal told us. The company expects to raise EGP 400 mn from the sale, said Elgamal, who declined to reveal the names of the potential buyers. The funds will be used to finance several of the company\u2019s ongoing projects, including two projects expected to produce energy and 120k tons of fertilizer annually in the Farafra and the Bahariya oases in Egypt\u2019s Western Desert, which are expected to begin operations next year.<\/p>\n

Expansion, IPO plans:<\/strong> The company is planning to expand in the GCC, particularly the fertilizer market in Saudi Arabia, and has partnered with Sabbour Consulting to enter new African markets, Elgamal said. The company also plans to debut part of its stock on the EGX in 2023, Elgamal told the local press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Empower to raise EGP 400 mn from stake sale to Gulf consortium: A consortium of three Gulf companies and banks are eyeing an undisclosed stake in Egyptian waste management company Empower, Chairperson Hatem Elgamal told us. The company expects to raise EGP 400 mn from the sale, said Elgamal, who declined to reveal the names […]<\/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":[7363],"tags":[9980,72,99,125,7128,452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560717","post","type-post","status-publish","format-standard","hentry","category-ma-watch","tag-empower","tag-enterpriseam","tag-fertilizers","tag-investment-watch","tag-ma-watch","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"4b6411ae-1c2e-4697-8e82-a5afbb9e1388","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560711],"teaser":"","voice_url":""},"yoast_head":"\nGulf consortium eyes stake in Empower - 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\/03\/10\/gulf-consortium-eyes-stake-in-empower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gulf consortium eyes stake in Empower\" \/>\n<meta property=\"og:description\" content=\"Empower to raise EGP 400 mn from stake sale to Gulf consortium: A consortium of three Gulf companies and banks are eyeing an undisclosed stake in Egyptian waste management company Empower, Chairperson Hatem Elgamal told us. 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