{"id":564562,"date":"2021-02-14T13:49:03","date_gmt":"2021-02-14T13:49:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/ebtikar-pushing-forward-with-ipo-of-e-payment-units\/"},"modified":"2021-02-14T13:49:03","modified_gmt":"2021-02-14T13:49:03","slug":"ebtikar-pushing-forward-with-ipo-of-e-payment-units","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/ebtikar-pushing-forward-with-ipo-of-e-payment-units\/","title":{"rendered":"Ebtikar pushing forward with IPO of e-payment units"},"content":{"rendered":"

<\/a> Ebtikar is on the road to IPO as spin-out begins: <\/strong>Ebtikar<\/a> has transferred the shares of Tamweel Holding<\/a> to a new parent company as part of a plan to spinoff activities not related to e-payments ahead of an upcoming IPO, Ebtikar owners B Investments and MM Group said in filings to the EGX (here<\/a> and here<\/a> \u2014 pdf). Ebtikar, a financial services firm that runs e-payments platforms Bee<\/a> and Masary<\/a>, also received regulatory approval to transfer another arm, microfinance provider Vitas Egypt<\/a>, to Basata, the holding company it recently set up<\/a> to separate its non-banking financial services businesses from e-payments.<\/p>\n

When will Ebtikar IPO? <\/strong>Look for a transaction some time in 2H2021, B Investments IR Director Omar El Labban told us earlier this month<\/a>. The split comes as Ebtikar is looking to capitalize on growing investor appetite for digital payments companies.<\/p>\n

FACT CHECK- Be wary of news that the IPO of Taaleem Management Services could be <\/strong>worth EGP 4.5-5 bn<\/strong> \u2014 a story that was first reported in Al Mal<\/a>. A valuation for the transaction has yet to be set, sources close to the transaction tell us. The education outfit, which owns and operates Nahda University, is expected to be the first company to list on the EGX when it goes to market some time in 1Q2021<\/a>.<\/p>\n

Corrected on 14 February 2021<\/em>
\nA previous version of this story incorrectly stated that Ebtikar is planning to debut on the EGX in the first half of 2021. The company plans to make the move in 2H2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ebtikar is on the road to IPO as spin-out begins: Ebtikar has transferred the shares of Tamweel Holding to a new parent company as part of a plan to spinoff activities not related to e-payments ahead of an upcoming IPO, Ebtikar owners B Investments and MM Group said in filings to the EGX (here and […]<\/p>\n","protected":false},"author":1,"featured_media":564563,"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":[10060],"tags":[138,633,503,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-ipo-watch","tag-ebtikar","tag-enterprisepm","tag-financial-services","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"914d20b0-46d1-4bb2-baea-2a99caf0a815","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/447.jpg","photo_position":"above","related_issue":[564555],"teaser":"","voice_url":""},"yoast_head":"\nEbtikar pushing forward with IPO of e-payment units - 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The company is also in the process of applying for\u2026","rel":"","context":"In "Speed Round"","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":567773,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/nbfs-player-ebtikar-plans-1q2021-ipo\/","url_meta":{"origin":564562,"position":1},"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. 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The non-banking financial services player recently finished spinning off most activities\u2026","rel":"","context":"In "SPEED ROUND: IPO WATCH"","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-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":559800,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/","url_meta":{"origin":564562,"position":3},"title":"Ebtikar eyes 2H2021 IPO","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"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\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\/2021\/2\/83.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628133,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/ebtikar-acquires-33-7-stake-in-masary\/","url_meta":{"origin":564562,"position":4},"title":"Ebtikar acquires 33.7% stake in Masary","author":"enterpriseam admin","date":"26 June 2018","format":false,"excerpt":"M&A WATCH- Ebtikar acquires 33.7% stake in payments outfit Masary: Ebtikar for Financial Investment, a joint venture between B Investments and MM Group, acquired a 33.7% stake in e-payments firm Masary in a transaction worth EGP 130 mn, Ebtikar said in a statement on Monday (pdf). The transaction on Masary,\u2026","rel":"","context":"In "Speed Round"","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":574788,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/ebtikar-taps-efg-to-quarterback-egx-debut\/","url_meta":{"origin":564562,"position":5},"title":"Ebtikar taps EFG to quarterback EGX debut","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"IPO WATCH- Ebtikar taps EFG to quarterback EGX debut: Ebtikar \u2014 MM Group's non-banking financial services subsidiary \u2014 has hired EFG Hermes to advise on a potential IPO for Ebtikar or its e-payment subsidiaries, according to an EGX filing (pdf). 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