{"id":575828,"date":"2020-10-28T04:04:27","date_gmt":"2020-10-28T04:04:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/"},"modified":"2020-10-28T04:04:27","modified_gmt":"2020-10-28T04:04:27","slug":"ahli-united-bank-purchases-30-mn-shares-in-aub-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","title":{"rendered":"Ahli United Bank purchases 30 mn shares in AUB Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>M&A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn<\/strong> <strong>shares in its Egypt unit<\/strong> alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn shares from foreign shareholders and 68.7k shares held by Egyptian shareholders. The Financial Regulatory Authority, which approved the purchase offer last month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/18600240-a2b6-40bb-883d-c10860a34adf\">said<\/a> the bank would buy all 43.5 mn of the remaining shares at EGP 29.783 apiece, and that the International Finance Corporation would be offloading a 10% in the bank while Qatar National Bank would sell its 4% stake.<\/p>\n<p><strong>Background:<\/strong> Bahrain\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95ac325a-05ea-4d5b-9748-934298c8e54f\">AUB signaled last month<\/a> that it was seeking 100% ownership of its Egypt unit by snapping up the shares it didn\u2019t already hold from undisclosed parties. The bank\u2019s 2018 annual report suggests that the bank had already owned 85.5% of its Egyptian subsidiary. The purchase marks a reversal by the parent bank after local press reports earlier this year suggested that it was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f61789c-708c-42c4-ad05-be211665ba2c\">looking to sell its Egypt unit,<\/a> or it could be AUB clearing out minority shareholders to streamline ahead of a divestment. Kuwait Finance House has been in the process of acquiring AUB <a href=\"https:\/\/www.kfh.com\/en\/home\/Personal\/news\/2018\/news-2018-01-206.html\">since 2019<\/a> but the potential USD 8.8 bn transaction was <a href=\"https:\/\/www.mubasher.info\/news\/3673128\/-%D8%A8%D9%8A%D8%AA%D9%83-%D8%A7%D9%84%D9%83%D9%88%D9%8A%D8%AA%D9%8A-%D9%8A%D9%88%D8%B6%D8%AD-%D9%85%D9%88%D9%82%D9%81%D9%87-%D9%85%D9%86-%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86%D9%8A\/\">postponed until December<\/a> earlier this year due to the covid-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn shares from foreign shareholders 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":[8572],"tags":[1628,473,72,2137,6150,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575828","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-ahli-united-bank","tag-bahrain","tag-enterpriseam","tag-kuwait-finance-house","tag-misr-strategia","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1a5a2db4-8356-41bd-8a50-23a495a21735","is_powered_by":true,"section_story_id":"30c511ed-d416-456f-860b-1cfa0e51baab","story_type":"1","photo_url":"","photo_position":"above","related_issue":[575819],"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>Ahli United Bank purchases 30 mn shares in AUB Egypt - 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\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ahli United Bank purchases 30 mn shares in AUB Egypt\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn shares from foreign shareholders and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-28T04:04:27+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\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ahli United Bank purchases 30 mn shares in AUB Egypt\",\"datePublished\":\"2020-10-28T04:04:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\"},\"wordCount\":230,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Ahli United Bank\",\"Bahrain\",\"EnterpriseAM\",\"Kuwait Finance House\",\"Misr Strategia\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/\",\"name\":\"Ahli United Bank purchases 30 mn shares in AUB Egypt - 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The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn shares from foreign shareholders and [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-10-28T04:04:27+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Ahli United Bank purchases 30 mn shares in AUB Egypt","datePublished":"2020-10-28T04:04:27+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/"},"wordCount":230,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Ahli United Bank","Bahrain","EnterpriseAM","Kuwait Finance House","Misr Strategia","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","name":"Ahli United Bank purchases 30 mn shares in AUB Egypt - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-10-28T04:04:27+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Ahli United Bank purchases 30 mn shares in AUB Egypt"}]},{"@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":575907,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/ifc-confirms-aub-egypt-stake-sale-to-bahraini-parent\/","url_meta":{"origin":575828,"position":0},"title":"IFC confirms AUB Egypt stake sale to Bahraini parent","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"M&A WATCH- The International Finance Corporation has confirmed it has offloaded its 10% stake in Ahli United Bank\u2019s Egypt unit to its Bahraini parent in a press release picked by Al Mal. AUB Bahrain announced last month that it had purchased more than 30 mn shares in its Egypt arm\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":574791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/ahli-united-bank-bid-for-aub-egypt-gets-regulatory-approval\/","url_meta":{"origin":575828,"position":1},"title":"Ahli United Bank bid for AUB Egypt gets regulatory approval","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"M&A WATCH- Ahli United Bank gets regulatory clearance for bid to buy out minority investor: Ahli United Bank\u2019s (AUB) full takeover of its Egypt arm moved a step closer yesterday after the Financial Regulatory Authority (FRA) approved its offer to purchase the remaining 14.52% stake in AUB Egypt alongside Misr\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":574752,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/ifc-selling-its-stake-in-aub-egypt\/","url_meta":{"origin":575828,"position":2},"title":"IFC selling its stake in AUB Egypt?","author":"enterpriseam admin","date":"21 September 2020","format":false,"excerpt":"M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10% stake in Ahli United Bank (AUB) Egypt to AUB Egypt\u2019s parent company in Bahrain, the local pressreported, citing unnamed sources familiar with the matter. This would account for the bulk\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\/2020\/9\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574632,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/bahrains-ahli-united-bank-submits-offer-to-buyout-egypt-unit\/","url_meta":{"origin":575828,"position":3},"title":"Bahrain's Ahli United Bank submits offer to buyout Egypt unit","author":"enterpriseam admin","date":"16 September 2020","format":false,"excerpt":"WATCH THIS SPACE- Bahrain\u2019s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority (FRA) saying (pdf) yesterday that AUB and \u201cMisr Strategia\u201d (which reads to us like a special purpose vehicle or \u201cSPV\u201d set up for the transaction) have submitted an offer to\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":594942,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/aub-agrees-to-loan-united-real-estate-subsidiary-egp-250-mn\/","url_meta":{"origin":575828,"position":4},"title":"AUB agrees to loan United Real Estate subsidiary EGP 250 mn","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"An Egypt-based subsidiary of Kuwait\u2019s United Real Estate Company signed on Monday a five-year, EGP 250 mn loan with Ahli United Bank, the parent company said in a bourse disclosure picked up by Mubasher. The loan will be used to fund the company\u2019s Aswar Residences project in New Cairo.","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":547824,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","url_meta":{"origin":575828,"position":5},"title":"One of the year\u2019s biggest banking takeovers just took place in the Middle East","author":"enterpriseam admin","date":"7 July 2022","format":false,"excerpt":"Kuwaiti bank makes one of the year\u2019s biggest banking acquisitions: Kuwait Finance House is acquiring Bahrain\u2019s Ahli United Bank (AUB) for almost USD 11.6 bn in an agreement announced by the two banks in disclosures (here, pdf) and (here, pdf) yesterday. Kuwait Finance House will offer AUB one share for\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"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\/575828","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=575828"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575828\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575819"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575828"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575828"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}