{"id":562993,"date":"2021-06-14T04:00:27","date_gmt":"2021-06-14T04:00:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/juhaynas-former-chairman-sees-detention-extended-contact-financial-wants-in-on-the-central-banks-mortgage-program\/"},"modified":"2021-06-14T04:00:27","modified_gmt":"2021-06-14T04:00:27","slug":"juhaynas-former-chairman-sees-detention-extended-contact-financial-wants-in-on-the-central-banks-mortgage-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/juhaynas-former-chairman-sees-detention-extended-contact-financial-wants-in-on-the-central-banks-mortgage-program\/","title":{"rendered":"Juhayna's former chairman sees detention extended + Contact Financial wants in on the central bank\u2019s mortgage program"},"content":{"rendered":"

Juhayna's ex-chairman\u2019s detention extended: <\/strong>The State Security Criminal Court has ordered that Juhayna's former Chairman Safwan Thabet\u2019s detention be extended for another 45 days while authorities investigate his alleged ties to the Ikhwan, Al Masry Al Youm<\/a> reports. Thabet was arrested and ordered detained in December<\/a>, initially for 15 days, a period which has been repeatedly extended. His son and Juhayna CEO, Seif Thabet, was also arrested<\/a> on similar allegations in February and remains in detention. Both deny being a part of the outlawed group.<\/p>\n

Contact Financial wants in on the central bank\u2019s mortgage program: <\/strong>Contact Financial Holding is in talks with the government to take part in the CBE\u2019s subsidized mortgage program, which offers 30-year loans at a 3% interest rate, CEO Saeed Zaatar tells Hapi Journal<\/a>. The new program was launched in March<\/a> to give low- and middle-income earners access to EGP 100 bn-worth of cheap mortgages. Contact thinks it can lend EGP 1.1-1.4 bn through the program, and expects to receive the terms for the initiative this week, Zaatar said.<\/p>\n

\u00a0<\/p>\n

AMENDED ON 14 June 2021<\/p>\n

We would like to clarify that Safwan Thabet is Juhayna's former Chairman and not their current one as a previous version of this story may have implied.<\/p>\n","protected":false},"excerpt":{"rendered":"

Juhayna's ex-chairman\u2019s detention extended: The State Security Criminal Court has ordered that Juhayna's former Chairman Safwan Thabet\u2019s detention be extended for another 45 days while authorities investigate his alleged ties to the Ikhwan, Al Masry Al Youm reports. Thabet was arrested and ordered detained in December, initially for 15 days, a period which has been […]<\/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":[111,933,7106,72,76,1027,2061,595,3667,3730],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562993","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-contact-financial","tag-debt","tag-enterpriseam","tag-financial-regulatory-authority","tag-juhayna","tag-mortgage-finance","tag-non-banking-financial-services","tag-safwan-thabet","tag-seif-thabet","wpautop","entry"],"acf":{"mongo_id":"6255a590-a7ef-43d7-a46c-ac481bd737a8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562971],"teaser":"","voice_url":""},"yoast_head":"\nJuhayna's former chairman sees detention extended + Contact Financial wants in on the central bank\u2019s mortgage program - 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\/06\/14\/juhaynas-former-chairman-sees-detention-extended-contact-financial-wants-in-on-the-central-banks-mortgage-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Juhayna's former chairman sees detention extended + Contact Financial wants in on the central bank\u2019s mortgage program\" \/>\n<meta property=\"og:description\" content=\"Juhayna's ex-chairman\u2019s detention extended: The State Security Criminal Court has ordered that Juhayna's former Chairman Safwan Thabet\u2019s detention be extended for another 45 days while authorities investigate his alleged ties to the Ikhwan, Al Masry Al Youm reports. 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Seif is being questioned in the same case brought against his father, Safwan Thabet, late last year, on allegations of \u201cfinancing terrorism and\u2026","rel":"","context":"In "CURRENT AFFAIRS"","block_context":{"text":"CURRENT AFFAIRS","link":"https:\/\/enterpriseam.com\/egypt\/category\/current-affairs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567864,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/hesham-gadallah-appointed-ceo-chairman-of-orascom-pyramids-juhayna-taps-mohamed-el-dogheim-as-juhayna-non-exec-chairman\/","url_meta":{"origin":562993,"position":4},"title":"Hesham Gadallah appointed CEO, chairman of Orascom Pyramids; Juhayna taps Mohamed El Dogheim as Juhayna non-exec chairman","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"Orascom Pyramids, which is in charge of the Giza Plateau development plan, has promoted its development officer, Hesham Gadallah (LinkedIn), to chairman and CEO, succeeding Ashraf Halim, the company announced in a statement (pdf). Gadallah has over 22 years of experience in business development and consulting, holding senior roles at\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555917,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/the-latest-on-the-arrest-of-juhaynas-founder-ceo\/","url_meta":{"origin":562993,"position":5},"title":"The latest on the arrest of Juhayna\u2019s founder, CEO","author":"enterpriseam admin","date":"3 October 2021","format":false,"excerpt":"It was a quiet weekend in the foreign press, with the sole story of note being a Reuters piece reporting that \u201cEgyptian authorities said on Thursday they had blocked a scheme aimed at financing the outlawed Muslim Brotherhood\u201d and \u201calleged a link to Juhayna founder Safwan Thabet,\u201d who remains in\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562993","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=562993"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562993\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562971"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562993"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562993"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}