{"id":590734,"date":"2023-07-25T00:00:00","date_gmt":"2023-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/"},"modified":"2023-07-25T00:00:00","modified_gmt":"2023-07-25T00:00:00","slug":"taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","title":{"rendered":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more"},"content":{"rendered":"

REAL ESTATE-<\/strong><\/p>\n

Beltone to purchase Eastown office building for EGP 1.1 bn: <\/strong>SODIC shareholders have approved the sale of a 6.9k square-meter office building in the developer\u2019s Eastown project<\/a> to Beltone Financial for EGP 1.1 bn, it said in an EGX disclosure (pdf)<\/a>. <\/p>\n

The payment: <\/strong>Beltone will pay 20% of the amount as a down payment upon signing, with the rest of the amount to be paid each quarter over the coming 4.5 years, according to the disclosure. Beltone will also pay an EGP 61.9 mn \u201cmaintenance bond\u201d upon delivery. The purchase comes in the wake of Beltone\u2019s <\/span>huge capital increase<\/a>.<\/span><\/p>\n

The Emirati connection:<\/strong> Emirati institutions have acquired large stakes in both institutions: Abu Dhabi wealth fund ADQ and Aldar acquired the majority of SODIC in 2021 and Beltone was last year acquired by Abu Dhabi-based investment firm Chimera. Beltone\u2019s new controlling shareholder appointed as CEO Dalia Khorshid<\/a>, who also joined SODIC\u2019s board post-takeover. <\/p>\n

Correction:<\/span> This story was amended on 25 July 2023 to remove mention of an incorrect figure for Beltone's recent capital increase of EGP 10 bn, the largest such transaction of its kind in Egypt as of the date of publication.<\/i><\/p>\n

ENERGY-<\/strong><\/p>\n

Qalaa, Axens to study production of green fuels: <\/strong>Qalaa Holding, its waste management company ECARU, and French low-carbon energy company Axens<\/a> will carry out joint research into producing green fuel in Egypt, the companies said in a joint statement<\/a> (pdf)<\/a> yesterday. The three firms will spend seven months conducting technical and economic studies on the production of advanced bioethanol<\/strong> and sustainable aviation fuel<\/strong>, according to the statement. The companies expect to export their production of bioethanol. <\/p>\n

CAPITAL MARKETS-<\/strong><\/p>\n

Taqa Arabia shareholder sells 20% stake in block trade:<\/strong> One of Taqa Arabia\u2019s ma jor shareholders executed a block trade of 270.5 mn shares worth EGP 1.6 bn yesterday and transferred the proceeds to one of its creditors, according to an EGX bulletin<\/a>. That equates to around 20% of the company, according to our math. The bulletin didn\u2019t disclose the selling shareholder or the identity of the buyers. <\/p>\n

Remember:<\/strong> The company\u2019s shares began trading on the EGX<\/a> earlier this month following a technical listing. Silverstone Capital Investments \u2014 an entity controlled by Taqa parent Qalaa Holdings \u2014 cut its ownership in the company from 80% to 49% on its trading debut, selling shares to other major shareholders Financial Holdings Investments and Rimco EGT Investments. <\/p>\n

Market reax:<\/strong> Taqa shares fell 0.7% yesterday to close at EGP 10.96 apiece. <\/p>\n

TOURISM-<\/strong><\/p>\n

Tourist yachts are getting an expedited visa process:<\/strong> Tourist yachts will now be able to receive entry permits to Egypt through the Transport Ministry\u2019s digital platform for tourist yachts within 30 minutes, instead of the previous processing period of 15-30 days, according to a ministry statement<\/a>. <\/p>\n

The new rules will also allow all passengers to receive electronic tourist visas as part of the same process<\/strong>, with the platform now linking to the Interior Ministry\u2019s passports and immigration administration, the statement says. Yachts will also be allowed to exit Egypt from any port, instead of requiring them to exit from the same point of entry. The decisions come as part of the government\u2019s plans to boost Egypt\u2019s yacht tourism<\/a>. <\/p>\n

NBFS-<\/strong><\/p>\n

valU to offer Gezira members financing solutions: <\/strong>Consumer finance platform valU, which positions itself as a \u201clifestyle-enabling solution\u201d for consumers, will start offering financing to members of the Gezira Sporting Club, it said (pdf)<\/a> yesterday. The company will allow members to take out finance to pay for membership, cover other membership-related expenses, and make purchases from on-site vendors. <\/p>\n

MANUFACTURING-<\/strong><\/p>\n

Japanese water pump maker to set up in the SCZone: <\/strong>Torishima Pumps<\/a> will establish a USD 5 mn water pump factory in the Suez Canal Economic Zone, according to a<\/a> joint statement (pdf<\/a> )<\/a> out yesterday. The Japanese manufacturer has signed an agreement with Elsewedy Industrial Development<\/a> that will hand it a 30k-feddan land plot in the company\u2019s industrial zone. The factory will produce water pumps for wastewater treatment and desalination plants. <\/p>\n

STARTUPS-<\/strong><\/p>\n

ITIDA, UNDP to launch five-year project to support tech startups: <\/strong>The Information Technology Industry Development Agency (ITIDA) has signed an agreement with the UN Development Program to set up a five-year project to support local tech startups, according to a joint press release<\/a>. The new project \u2014 the Maturation of ICT-enabled Innovation-driven Entrepreneurship Ecosystem \u2014 will provide financing, mentorship and networking opportunities for tech startups in Egypt. <\/p>\n","protected":false},"excerpt":{"rendered":"

The block trade comes three weeks after the company\u2019s shares began trading on the EGX<\/p>\n","protected":false},"author":1,"featured_media":590735,"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":[7209],"tags":[111,10892,812,102,271,514,68,93,72,503,7196,1635,131,595,613,83,312,416,615,10893,238,515],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-590734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-axens","tag-beltone-financial","tag-capital-markets","tag-central-bank-of-egypt","tag-consumer-finance","tag-egx","tag-energy","tag-enterpriseam","tag-financial-services","tag-industry","tag-itida","tag-manufacturing","tag-non-banking-financial-services","tag-qalaa-holdings","tag-real-estate","tag-sodic","tag-suez-canal-economic-zone","tag-taqa-arabia","tag-torishima-pumps","tag-tourism","tag-valu","wpautop","entry"],"acf":{"mongo_id":"4a46b8a4-6a75-493a-b837-f9a07b9cafad","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/942.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy and news from Qalaa, Taqa Arabia, Axens, Torishima Pumps, ITIDA and valU","related_issue":[590724],"teaser":"The block trade comes three weeks after the company\u2019s shares began trading on the EGX","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.7d8232cd-1e66-4f51-a2de-a0d8afec4dce.mp3"},"yoast_head":"\nTaqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more - 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\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more\" \/>\n<meta property=\"og:description\" content=\"The block trade comes three weeks after the company\u2019s shares began trading on the EGX\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more\",\"datePublished\":\"2023-07-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\"},\"wordCount\":743,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Axens\",\"Beltone Financial\",\"capital markets\",\"Central Bank of Egypt\",\"consumer finance\",\"EGX\",\"energy\",\"EnterpriseAM\",\"financial services\",\"industry\",\"ITIDA\",\"Manufacturing\",\"non-banking financial services\",\"Qalaa Holdings\",\"real estate\",\"SODIC\",\"Suez Canal Economic Zone\",\"TAQA Arabia\",\"Torishima Pumps\",\"tourism\",\"ValU\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\",\"name\":\"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-07-25T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more\"}]},{\"@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":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more - 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\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","og_locale":"en_US","og_type":"article","og_title":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more","og_description":"The block trade comes three weeks after the company\u2019s shares began trading on the EGX","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-07-25T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.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":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more","datePublished":"2023-07-25T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/"},"wordCount":743,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Axens","Beltone Financial","capital markets","Central Bank of Egypt","consumer finance","EGX","energy","EnterpriseAM","financial services","industry","ITIDA","Manufacturing","non-banking financial services","Qalaa Holdings","real estate","SODIC","Suez Canal Economic Zone","TAQA Arabia","Torishima Pumps","tourism","ValU"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/","name":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1","datePublished":"2023-07-25T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/taqa-arabia-shareholder-sells-20-stake-plus-beltones-sodic-office-building-buy-qalaa-to-study-green-aviation-fuel-with-french-firm-and-more\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Taqa Arabia shareholder sells 20% stake. PLUS: Beltone\u2019s SODIC office building buy, Qalaa to study green aviation fuel with French firm \u2014 and more"}]},{"@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\/942.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/942.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\/942.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":616770,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/11\/beltone-set-to-acquire-sodic-for-securitization-as-part-of-push-into-securitization\/","url_meta":{"origin":590734,"position":0},"title":"Beltone set to acquire SODIC for Securitization as part of push into securitization","author":"enterpriseam admin","date":"11 March 2024","format":false,"excerpt":"The transaction will see Beltone acquire 5k shares at EGP 1k apiece","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/866.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568563,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/15\/earnings-watch-sodic-beltone-financial-naeem-holding-te-tmg-holding-hdb\/","url_meta":{"origin":590734,"position":1},"title":"Earnings watch: SODIC, Beltone Financial, Naeem Holding, TE, TMG Holding, HDB","author":"enterpriseam admin","date":"15 November 2020","format":false,"excerpt":"EARNINGS WATCH- SODIC\u2019s net profits rose 179% to EGP 468 mn y-o-y in 3Q2020, according to the company\u2019s earnings release (pdf). Revenues for the quarter increased 50% y-o-y, reaching EGP 2.1 bn, while gross contracted sales surged 174% to EGP 2.2 bn from 393 units sold. Residential sales recorded EGP\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":575164,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/sodics-eastown-district-project-to-come-online-in-2021\/","url_meta":{"origin":590734,"position":2},"title":"SODIC\u2019s Eastown District project to come online in 2021","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"Upmarket real estate developer Sodic is on track to begin delivering units in its Eastown District New Cairo (EDNC) complex in 2021, the company said in a statement (pdf). The company has so far signed EGP 1.7 bn in contracts with construction firms and over 50% of the construction work\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":611397,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/06\/beltone-signals-new-push-into-securitization-closes-first-factoring-transaction\/","url_meta":{"origin":590734,"position":3},"title":"Beltone signals new push into securitization, closes first factoring transaction","author":"enterpriseam admin","date":"6 December 2023","format":false,"excerpt":"This marks Beltone\u2019s first factoring agreement since obtaining its license in September","rel":"","context":"In "FINANCIAL SERVICES"","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591174,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/01\/beltone-wants-to-acquire-a-local-microfinance-player\/","url_meta":{"origin":590734,"position":4},"title":"Beltone wants to acquire a local microfinance player","author":"enterpriseam admin","date":"1 August 2023","format":false,"excerpt":"Beltone in July closed an EGP 10 bn capital increase","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1292.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590771,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/25\/this-evening-banque-misr-nbe-launch-new-usd-certificates\/","url_meta":{"origin":590734,"position":5},"title":"THIS EVENING: Banque Misr + NBE launch new USD certificates","author":"enterpriseam admin","date":"25 July 2023","format":false,"excerpt":"Good afternoon, friends. We hope that you\u2019re surviving the heat on this blackout-filled afternoon and have managed to ease back into the grind as we bring this hot hump day to a close. THE BIG STORY TODAY State-owned Banque Misr and the National Bank of Egypt have launched new high-yield\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/2022\/2\/263.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\/590734","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=590734"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/590734\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/590724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/590735"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=590734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=590734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=590734"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=590734"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=590734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}