{"id":563957,"date":"2021-07-29T04:00:21","date_gmt":"2021-07-29T04:00:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/"},"modified":"2021-07-29T04:00:21","modified_gmt":"2021-07-29T04:00:21","slug":"gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/","title":{"rendered":"GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients"},"content":{"rendered":"<p><strong>Grant Thorton assigned to evaluate GSK Egypt\u2019s assets<\/strong>: The board of GlaxoSmithKline Egypt has agreed to hire Grant Thorton as an independent financial advisor to assess the fair value of its assets, the company said in an <a href=\"https:\/\/ent.news\/2021\/7\/Glaxo.pdf\">EGX filing (pdf)<\/a>. Grant Thornton will value the company\u2019s intangible and movable consumer healthcare assets excluding properties and equipment, the company said. The move comes a day after the company announced plans to establish a new subsidiary in Egypt to market consumer health products as part of its new strategy to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22b5767a-f41c-471e-ada6-86cf62c00768\">separate its pharma operations<\/a> from its consumer healthcare business.<\/p>\n<p><strong>Tatweer Misr, FAB team up to offer mortgage finance<\/strong>: First Abu Dhabi Bank will offer mortgage finance plans to Tatweer Misr clients after the two companies inked an agreement, the Egyptian property developer said in a <a href=\"https:\/\/ent.news\/2021\/7\/Tatweer-Misr-FAB.pdf\">statement (pdf)<\/a>. The Emirati lender will offer finance to the developer\u2019s new and current clients, lending up to 85% of the value of the property over a maximum of 15 years.<\/p>\n<p><strong>Court upholds life sentence for<\/strong> <strong>Ikhwan leaders: <\/strong>The Court of Cassation <a href=\"https:\/\/bit.ly\/3rCf7SO\">has upheld<\/a> life sentences handed down to Ikhwan leaders including the outlawed group\u2019s head Mohamed Badie and his deputy, Khairat El Shater, for charges of handing over state secrets to Hamas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grant Thorton assigned to evaluate GSK Egypt\u2019s assets: The board of GlaxoSmithKline Egypt has agreed to hire Grant Thorton as an independent financial advisor to assess the fair value of its assets, the company said in an EGX filing (pdf). Grant Thornton will value the company\u2019s intangible and movable consumer healthcare assets excluding properties and [&hellip;]<\/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":[111,204,72,882,1076,2560,165,7115,7111,4159,2061,732,622,427,83,3224,447,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563957","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-enterpriseam","tag-first-abu-dhabi-bank","tag-glaxosmithkline","tag-grant-thornton","tag-hamas","tag-healthcare","tag-infrastructure","tag-mohamed-badie","tag-mortgage-finance","tag-muslim-brotherhood","tag-national-security","tag-pharma","tag-real-estate","tag-tatweer-misr","tag-terrorism","tag-transport","wpautop","entry"],"acf":{"mongo_id":"605c21f9-8207-4129-a044-4b680bd5a5a4","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563938],"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>GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients - 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\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients\" \/>\n<meta property=\"og:description\" content=\"Grant Thorton assigned to evaluate GSK Egypt\u2019s assets: The board of GlaxoSmithKline Egypt has agreed to hire Grant Thorton as an independent financial advisor to assess the fair value of its assets, the company said in an EGX filing (pdf). Grant Thornton will value the company\u2019s intangible and movable consumer healthcare assets excluding properties and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-29T04:00:21+00:00\" \/>\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\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients\",\"datePublished\":\"2021-07-29T04:00:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\"},\"wordCount\":223,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"banking\",\"EnterpriseAM\",\"First Abu Dhabi Bank\",\"GlaxoSmithKline\",\"Grant Thornton\",\"Hamas\",\"healthcare\",\"infrastructure\",\"Mohamed Badie\",\"mortgage finance\",\"Muslim Brotherhood\",\"national security\",\"pharma\",\"real estate\",\"Tatweer Misr\",\"terrorism\",\"transport\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/29\/gsk-egypt-recruits-grant-thornton-for-fair-value-study-fab-mortgages-for-tatweer-misr-clients\/\",\"name\":\"GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients - 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UAE-based investor Najjad Zeenni had announced earlier this month his\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625946,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/27\/cira-reportedly-taps-grant-thornton-to-conduct-fair-value-assessment-ahead-of-stake-sale\/","url_meta":{"origin":563957,"position":1},"title":"CIRA reportedly taps Grant &#038; Thornton to conduct fair value assessment ahead of stake sale","author":"enterpriseam admin","date":"27 August 2018","format":false,"excerpt":"IPO WATCH- CIRA reportedly taps Grant & Thornton to conduct fair value assessment ahead of stake sale: Leading private-sector education outfit Cairo Investment and Real Estate Development (CIRA) has reportedly selected Grant & Thornton to conduct a fair value report for CIRA\u2019s planned relisting on the EGX, Al Mal reports.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":607433,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/omar-shoukry-is-the-new-ir-head-of-gsk-plus-khaled-daader-steps-down-at-juhayna\/","url_meta":{"origin":563957,"position":2},"title":"Omar Shoukry is the new IR head of GSK. 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The report valued Egytrans\u2019 shares at EGP 12.90 apiece, bringing its total\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641390,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/20\/641390\/","url_meta":{"origin":563957,"position":4},"title":"IPO WATCH- BPE Partners has\u2026","author":"enterpriseam admin","date":"20 September 2017","format":false,"excerpt":"IPO WATCH- BPE Partners has tapped EFG Hermes to Sigma Capital to manage is planned listing on the EGX this year, source told Al Mal. The company has said it plans to list 25-30% of its shares. 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