{"id":590191,"date":"2023-07-16T00:00:00","date_gmt":"2023-07-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/"},"modified":"2023-07-16T00:00:00","modified_gmt":"2023-07-16T00:00:00","slug":"private-equity-firms-eye-25-stake-in-al-ahly-momkn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/","title":{"rendered":"Private equity firms eye 25% stake in Al Ahly Momkn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Investors jostle for stake in <\/span><span style=\"font-weight:700\">Al Ahly <\/span><span style=\"font-weight:700\">Momkn<\/span><span style=\"font-weight:700\">:<\/span><span style=\"\"> A group of private equity firms, <\/span><span>including <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tana-africa.com\/\" style=\"\">Tana Africa<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/loraxcapitalpartners.com\/our-firm\/\" style=\"\">Lorax Capital Partners<\/a><\/span><span>, and US-based <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ultracapital.com\/\" style=\"\">Ultra<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ultracapital.com\/\" style=\"\">Capital<\/a><\/span><span>,<\/span><span> are bidding to acquire a 25% stake in state-owned e-payments player <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alahlymomkn.com\/\" style=\"\">Al Ahly Momkn<\/a><\/span><span>, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/46NVZp3\" style=\"\">A<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/46NVZp3\" style=\"\">l Ma<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/46NVZp3\" style=\"\">l<\/a><\/span><span> reports, citing sources it says are familiar with the matter<\/span><span style=\"font-weight:400;\">. Shareholders have reportedly received acquisition offers from several firms from Saudi Arabia, the UAE, Oman, France, and the Netherlands, the sources said, without providing further details. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The sellers:<\/span><span style=\"\"> The bidders are looking to acquire the 18.1% stake held by Al Ahly Momkn <\/span><span style=\"font-weight:400;\">co-founder Samir Abo Hashem and another 6.9% stake held by several other shareholders. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Momkn is majority-owned by NBE:<\/span><span style=\"\"> The National Bank of Egypt\u2019s investment arm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/alahlycapital.com\/\" style=\"\">Ahli Capital<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/alahlycapital.com\/\" style=\"\">Holding<\/a>&nbsp;<\/span><span>acquired a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9c7279c-1420-46b8-83a6-d456599c6fe0\" style=\"\">75% stake in Al Ahly Momkn<\/a><\/span><span> in 2021 in a transaction that was valued at the time at <\/span><span style=\"font-weight:400;\">around EGP 140 mn. The acquisition brought Momkn under Tamkeen, a platform for a host of non-banking financial services companies that operate as subsidiaries of a new holding company, Al Ahly Capital Holding Financial Services.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Advisors: <\/span><span style=\"\">Al Ahly Pharos has reportedly been tapped to advise Al Ahly Momkn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><br \/><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><b>EDITOR'S NOTE-<\/b> This story was amended on Wednesday, 19 July to correct Samir Abo Hashem's title. A previous version of this story incorrectly stated that Abo Hashem is CEO and chairman of Al Ahly Momkn.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahli Capital owns 75% of Al Ahly Momkn<\/p>\n","protected":false},"author":1,"featured_media":590192,"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":[7363],"tags":[5578,8500,813,72,503,183,4053,7128,248,3675,10791],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-al-ahli-capital","tag-al-ahly-momkn","tag-al-ahly-pharos","tag-enterpriseam","tag-financial-services","tag-fintech","tag-lorax-capital-partners","tag-ma-watch","tag-national-bank-of-egypt","tag-tana-africa-capital","tag-ultra-capital","wpautop","entry"],"acf":{"mongo_id":"0ff7305c-224e-4184-adc3-7e175314676e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/541.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Private equity firms eye 25% stake in Egypt\u2019s Al Ahly Momkn","related_issue":[590184],"teaser":"Ahli Capital owns 75% of Al Ahly Momkn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.8904a16e-394e-4250-9564-03e78a47eaa0.mp3"},"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>Private equity firms eye 25% stake in Al Ahly Momkn - 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\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private equity firms eye 25% stake in Al Ahly Momkn\" \/>\n<meta property=\"og:description\" content=\"Ahli Capital owns 75% of Al Ahly Momkn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-16T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1\" \/>\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\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Private equity firms eye 25% stake in Al Ahly Momkn\",\"datePublished\":\"2023-07-16T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\"},\"wordCount\":232,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Ahli Capital\",\"Al Ahly Momkn\",\"Al Ahly Pharos\",\"EnterpriseAM\",\"financial services\",\"Fintech\",\"Lorax Capital Partners\",\"M&amp;A Watch\",\"National Bank of Egypt\",\"Tana Africa Capital\",\"Ultra Capital\"],\"articleSection\":[\"M&amp;A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\",\"name\":\"Private equity firms eye 25% stake in Al Ahly Momkn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-07-16T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Private equity firms eye 25% stake in Al Ahly Momkn\"}]},{\"@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":"Private equity firms eye 25% stake in Al Ahly Momkn - 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\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/","og_locale":"en_US","og_type":"article","og_title":"Private equity firms eye 25% stake in Al Ahly Momkn","og_description":"Ahli Capital owns 75% of Al Ahly Momkn","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-07-16T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"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\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Private equity firms eye 25% stake in Al Ahly Momkn","datePublished":"2023-07-16T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/"},"wordCount":232,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1","keywords":["Al Ahli Capital","Al Ahly Momkn","Al Ahly Pharos","EnterpriseAM","financial services","Fintech","Lorax Capital Partners","M&amp;A Watch","National Bank of Egypt","Tana Africa Capital","Ultra Capital"],"articleSection":["M&amp;A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/","name":"Private equity firms eye 25% stake in Al Ahly Momkn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1","datePublished":"2023-07-16T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/private-equity-firms-eye-25-stake-in-al-ahly-momkn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Private equity firms eye 25% stake in Al Ahly Momkn"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/541.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":617914,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/31\/acuds-assets-have-tripled-in-value-post-float-plus-news-from-nbe-itida-al-ahly-momkn-ifc-capricorn-energy\/","url_meta":{"origin":590191,"position":0},"title":"ACUD\u2019s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy","author":"enterpriseam admin","date":"31 March 2024","format":false,"excerpt":"Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new capital","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\/2024\/3\/2645.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590125,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/this-evening-private-equity-firms-have-their-eyes-on-al-ahly-momkn\/","url_meta":{"origin":590191,"position":1},"title":"THIS EVENING: Private equity firms have their eyes on Al Ahly Momkn","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"Happy THURSDAY, friends. We hope you all end this week with plans to unwind \u2014 and that your weekly trek to Sahel is smooth and safe.CLARIFICATION- Our coverage of the Financial Regulatory Authority\u2019s new regulations for obtaining fintech licenses in this morning\u2019s edition of EnterpriseAM misjudged the purpose of the\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/460.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620509,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/22\/e-finance-snaps-stakes-in-digital-payment-firms\/","url_meta":{"origin":590191,"position":2},"title":"E-Finance snaps stakes in digital payment firms","author":"enterpriseam admin","date":"22 May 2024","format":false,"excerpt":"The transactions will be implemented in the over-the-counter market on the EGX this month","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\/2024\/5\/1364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560578,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/04\/al-ahly-capital-closing-in-on-momken-acquisition\/","url_meta":{"origin":590191,"position":3},"title":"Al Ahly Capital closing in on Momken acquisition","author":"enterpriseam admin","date":"4 March 2021","format":false,"excerpt":"Al Ahly Capital is reportedly in the final stretch of acquiring a majority stake in e-payment firm Momken in a EGP 100 mn transaction, according to a report in Al Mal\u2019s print edition citing unnamed sources with knowledge of the matter. The two sides are expected to sign the final\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\/3\/90.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572074,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/al-ahly-capital-in-talks-to-acquire-e-payments-firms-momken-sadad\/","url_meta":{"origin":590191,"position":4},"title":"Al Ahly Capital in talks to acquire e-payments firms Momken, Sadad","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"M&A WATCH- Al Ahly Capital is in talks to acquire 100% of e-payments firms Momken and Sadad in transactions that could conclude soon, Al Mal reports, citing unnamed sources. No further details were disclosed on the talks, which come as Al Ahly, the National Bank of Egypt\u2019s investment arm, pushes\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":556378,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/cira-al-ahly-capital-to-launch-egp-2-bn-educational-investment-platform\/","url_meta":{"origin":590191,"position":5},"title":"CIRA, Al Ahly Capital to launch EGP 2 bn educational investment platform","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"CIRA, Al Ahly Capital to launch EGP 2 bn education investment company: Cairo for Investment and Real Estate Development (CIRA) and Al Ahly Capital Holding (the investment arm of state-owned NBE) have agreed to launch a new company to invest in middle-income education providers, according to a joint statement (pdf)\u2026","rel":"","context":"In &quot;Education&quot;","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590191","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=590191"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590191\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590184"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590192"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590191"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590191"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}