{"id":571806,"date":"2020-06-01T04:38:24","date_gmt":"2020-06-01T04:38:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/"},"modified":"2020-06-01T04:38:24","modified_gmt":"2020-06-01T04:38:24","slug":"suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/","title":{"rendered":"Suez Canal Bank completes USD 30.6 mn stake sale of Midor"},"content":{"rendered":"

M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn <\/strong>stake in the Middle East Oil Refinery (Midor)<\/strong> to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy<\/a>. The bank had agreed last month<\/a> to sell its 1.27% stake in Midor to EGPC, which owns 78% of Midor. Cairo Capital Securities acted as the broker in the sale, reports the local press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. The bank had agreed last month to sell its […]<\/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":[8572],"tags":[68,5216,557,72,3850,4459,2380,1164],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571806","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egx","tag-egyptian-financial-regulatory-authority","tag-egyptian-general-petroleum-corporation","tag-enterpriseam","tag-middle-east-oil-refinery","tag-midor","tag-speed-round","tag-suez-canal-bank","wpautop","entry"],"acf":{"mongo_id":"7c08bc22-bd59-4f38-ba55-7d416777e103","is_powered_by":true,"section_story_id":"3ccf7b90-2727-4961-9d8f-15a3f0b67a45","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571798],"teaser":"","voice_url":""},"yoast_head":"\nSuez Canal Bank completes USD 30.6 mn stake sale of Midor - 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\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Canal Bank completes USD 30.6 mn stake sale of Midor\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. The bank had agreed last month to sell its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-01T04:38:24+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Canal Bank completes USD 30.6 mn stake sale of Midor\",\"datePublished\":\"2020-06-01T04:38:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"Egyptian Financial Regulatory Authority\",\"Egyptian General Petroleum Corporation\",\"EnterpriseAM\",\"Middle East Oil Refinery\",\"MIDOR\",\"SPEED ROUND\",\"Suez Canal Bank\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/\",\"name\":\"Suez Canal Bank completes USD 30.6 mn stake sale of Midor - 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