{"id":564132,"date":"2021-08-10T13:45:11","date_gmt":"2021-08-10T13:45:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/"},"modified":"2021-08-10T13:45:11","modified_gmt":"2021-08-10T13:45:11","slug":"nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","title":{"rendered":"NBK Egypt a step closer to delisting, Telecom Egypt making bank"},"content":{"rendered":"<p><a id=\"tldr-story-04\" class=\"content-anchor\"><\/a> <strong>NBK Egypt board agrees to EGX delisting: <\/strong>The board of directors at the National Bank of Kuwait (Egypt) has agreed to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/998edec9-7f7d-4517-9f00-313cb5ccae55\">voluntarily delist from the EGX<\/a>, the bank said in <a href=\"https:\/\/ent.news\/2021\/8\/%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA-%D9%85%D8%AC%D9%84%D8%B3-10-08-2021.pdf\">a statement (pdf)<\/a> to the EGX this morning. Prime Capital has been appointed as a financial advisor to value the subsidiary, which it will present to shareholders at an extraordinary general assembly meeting. A final decision will be taken three months afterwards.<\/p>\n<p><strong>This is not bad news for the EGX:<\/strong> The bank\u2019s shares are rather illiquid, with less than 80k of them changing hands today, according to Reuters data. By comparison, 1.2 mn shares of CIB, 710k shares of EFG Hermes and 315k shares of Edita were bought and sold today. Retail darling Qalaa Holding saw some 6 mn shares change hands today.<\/p>\n<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a> <strong>EARNINGS WATCH- State-owned Telecom Egypt\u2019s (TE) bottom line more than <\/strong><strong>doubled to EGP 1.75 bn in 2Q2021<\/strong>, compared to EGP 748.4 mn the same period last year, according to the telecom operator\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/EAS_Consolidated_Statementa6673fe7-96ef-43b1-b883-e83bc2a0f281.pdf\">financial<\/a><a href=\"https:\/\/ent.news\/2021\/8\/EAS_Consolidated_Statementa6673fe7-96ef-43b1-b883-e83bc2a0f281.pdf\">results<\/a><a href=\"https:\/\/ent.news\/2021\/8\/EAS_Consolidated_Statementa6673fe7-96ef-43b1-b883-e83bc2a0f281.pdf\">(pdf)<\/a>. The company <a href=\"https:\/\/ir.te.eg\/en\/CorporateNews\/PressRelease\/146\/Q2-2021-results-Operating-cash-flow-doubles-on-strong-fundamentals\">attributed<\/a> the profit growth to a rise in investment income from Vodafone Egypt, in which it holds a 45% stake, and FX gains. Revenues also rose to EGP 8.97 bn in 2Q2021 from EGP 7.94 bn in the same quarter of 2020. TE said it received EGP 3.6 bn in income from Vodafone in July. <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/telecom-egypt-posts-h1-net-profit-39-bln-egyptian-pounds-revenue-up-16-2021-08-10\/\">Reuters<\/a>took note of the figures.<\/p>\n<p><strong>Raya Contact Center\u2019s bottom line fell 25% to EGP 7.71 mn in 2Q2021<\/strong>, from EGP 10.35 mn in 2Q2020, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/Raya-Contact-Center-1H-Consolidated-Results.pdf\">financial results (pdf)<\/a>. Revenues were essentially flat, coming in at EGP 193.7 mn compared to EGP 192.3 mn in the same period of 2020.<\/p>\n<p><strong>Transport player Egytrans saw its bottom line decline to EGP 6.4 mn in 1H2021<\/strong>, compared to EGP 9.6 mn in 1H2020, based on the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/Egytrans-1H-profits.pdf\">financial results (pdf)<\/a>. Revenues rose to EGP 123.5 mn in 1H2021 from EGP 101.4 mn during the first six months of 2020.<\/p>\n<p><strong>Sidpec continues to recover from last year\u2019s turmoil: <\/strong>Sidi Kerir Petrochemicals (Sidpec) announced a bottom line of EGP 283 mn in 1H2021, against losses of EGP 28 mn during the same half a year earlier, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/Sidi-Kerir-Financial-Results.pdf\">financial results (pdf)<\/a>. Revenues jumped almost 60% to EGP 2.67 bn in 1H2021, compared to EGP 1.67 bn last year.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>MARKET WATCH- <\/strong><\/p>\n<p><strong>The EGX30 rose 0.5% at today\u2019s close<\/strong> on turnover of EGP 1.91 bn (31.4% above the 90-day average). Foreign investors were net buyers. The index is up 0.1% YTD.<\/p>\n<p><strong>In the green: <\/strong>Egyptian Resorts Company (+3.4%), Heliopolis Housing (+2.7%) and TMG Holding (+1.8%).<\/p>\n<p><strong>In the red: <\/strong>Sidi Kerir Petrochemicals (-6.4%), Ezz Steel (-3.5%) and Orascom Development Egypt (-2.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NBK Egypt board agrees to EGX delisting: The board of directors at the National Bank of Kuwait (Egypt) has agreed to voluntarily delist from the EGX, the bank said in a statement (pdf) to the EGX this morning. Prime Capital has been appointed as a financial advisor to value the subsidiary, which it will present [&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":[7219],"tags":[102,68,1142,633,642,806,1879,706,212],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564132","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-capital-markets","tag-egx","tag-egytrans","tag-enterprisepm","tag-go-with-the-flow","tag-nbk-egypt","tag-raya-contact-center","tag-sidi-kerir-petrochemicals","tag-telecom-egypt","wpautop","entry"],"acf":{"mongo_id":"c3050514-8fb4-4ace-b15f-a1d49719942a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564124],"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>NBK Egypt a step closer to delisting, Telecom Egypt making bank - 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\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBK Egypt a step closer to delisting, Telecom Egypt making bank\" \/>\n<meta property=\"og:description\" content=\"NBK Egypt board agrees to EGX delisting: The board of directors at the National Bank of Kuwait (Egypt) has agreed to voluntarily delist from the EGX, the bank said in a statement (pdf) to the EGX this morning. Prime Capital has been appointed as a financial advisor to value the subsidiary, which it will present [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T13:45:11+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=\"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\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBK Egypt a step closer to delisting, Telecom Egypt making bank\",\"datePublished\":\"2021-08-10T13:45:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\"},\"wordCount\":431,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"EGX\",\"EgyTrans\",\"EnterprisePM\",\"Go with the Flow\",\"NBK Egypt\",\"Raya Contact Center\",\"Sidi Kerir Petrochemicals\",\"Telecom Egypt\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\",\"name\":\"NBK Egypt a step closer to delisting, Telecom Egypt making bank - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-08-10T13:45:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBK Egypt a step closer to delisting, Telecom Egypt making bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBK Egypt a step closer to delisting, Telecom Egypt making bank - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","og_locale":"en_US","og_type":"article","og_title":"NBK Egypt a step closer to delisting, Telecom Egypt making bank","og_description":"NBK Egypt board agrees to EGX delisting: The board of directors at the National Bank of Kuwait (Egypt) has agreed to voluntarily delist from the EGX, the bank said in a statement (pdf) to the EGX this morning. Prime Capital has been appointed as a financial advisor to value the subsidiary, which it will present [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-08-10T13:45:11+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NBK Egypt a step closer to delisting, Telecom Egypt making bank","datePublished":"2021-08-10T13:45:11+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/"},"wordCount":431,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["capital markets","EGX","EgyTrans","EnterprisePM","Go with the Flow","NBK Egypt","Raya Contact Center","Sidi Kerir Petrochemicals","Telecom Egypt"],"articleSection":["GO WITH THE FLOW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","name":"NBK Egypt a step closer to delisting, Telecom Egypt making bank - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-08-10T13:45:11+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NBK Egypt a step closer to delisting, Telecom Egypt making bank"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":554577,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/nbk-egypt-board-approves-egx-delisting\/","url_meta":{"origin":564132,"position":0},"title":"NBK Egypt board approves EGX delisting","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"MARKET NEWS- NBK Egypt\u2019s board has approved plans to voluntarily delist its shares from the EGX, according to a bourse disclosure (pdf). Financial advisor Prime Capital valued the shares at EGP 20.03 and the bank will buy back shares from shareholders who want to sell their stakes. MARKET ROUNDUP-The EGX30\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566879,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/26\/nbk-egypt-mulls-delisting-from-egx\/","url_meta":{"origin":564132,"position":1},"title":"NBK Egypt mulls delisting from EGX","author":"enterpriseam admin","date":"26 July 2021","format":false,"excerpt":"The National Bank of Kuwait (Egypt) is considering delisting from the EGX: The bank\u2019s board of directors will meet on 10 August to discuss whether to call an extraordinary general assembly meeting to weigh in on the matter, according to an EGX statement (pdf). This is based on a request\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543505,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/paytabs-valu-team-up-with-mazadat-on-e-payments-nbk-egypt-completes-share-buyback-ahead-of-delisting\/","url_meta":{"origin":564132,"position":2},"title":"PayTabs, ValU team up with Mazadat on e-payments + NBK Egypt completes share buyback ahead of delisting","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"EFG Hermes\u2019 subsidiaries PayTabs and valU have partnered with X2C online auction and e-commerce platform Mazadat to give its customers access to valU\u2019s buy-now-pay-later services and PayTabs\u2019s online payment gateway, according to a joint press release (pdf)..NBK Egypt shareholders sold 20.7 mn shares back to the bank at EGP 20\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564663,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/credit-agricole-and-nbk-egypt-plan-capital-raises-it-looks-like-banque-misr-is-upping-its-bid-for-ci-capital\/","url_meta":{"origin":564132,"position":3},"title":"Credit Agricole and NBK Egypt plan capital raises + it looks like Banque Misr is upping its bid for CI Capital","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.3 bn (9.8% below the 90-day average). Local investors were net buyers. The benchmark index is down 1.1% for the week, but up 4.9% year-to-date.In the green: Orascom Investment Holding (+4.3%), Abou Kir Fertilizers (+3.3%) and Sidi Kerir Petrochemicals\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594797,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/gth-completes-delisting-process-from-egypts-stock-market\/","url_meta":{"origin":564132,"position":4},"title":"GTH completes delisting process from Egypt\u2019s stock market","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. Majority shareholder Veon bought 1.99 bn shares of GTH for EGP\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":573642,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/12\/americana-egypt-approves-delisting-shares-from-egx-ahead-of-adeptio-purchase\/","url_meta":{"origin":564132,"position":5},"title":"Americana Egypt approves delisting shares from EGX ahead of Adeptio purchase","author":"enterpriseam admin","date":"12 August 2020","format":false,"excerpt":"M&A WATCH- Americana Egypt approves delisting shares from EGX to fulfill Adeptio purchase: Americana Egypt\u2019s board of directors have approved delisting the company\u2019s shares from the bourse at EGP 6.32 per share after finalizing an agreement with Adeptio last week that will see it purchase a 9.6% stake in Americana\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564132","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=564132"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564132\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564124"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564132"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564132"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}