{"id":592659,"date":"2019-11-03T04:12:23","date_gmt":"2019-11-03T04:12:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/ebtikar-to-set-up-two-consumer-finance-arms-by-year-end\/"},"modified":"2019-11-03T04:12:23","modified_gmt":"2019-11-03T04:12:23","slug":"ebtikar-to-set-up-two-consumer-finance-arms-by-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/03\/ebtikar-to-set-up-two-consumer-finance-arms-by-year-end\/","title":{"rendered":"Ebtikar to set up two consumer finance arms by year end"},"content":{"rendered":"

Ebtikar for Financial Investment<\/a> is planning to set up two consumer finance arms by the end of the year, the company\u2019s CEO Ayman El Dessouky said<\/a>. One of the companies will specialize in car purchases, and both will be majority-owned by Ebtikar \u2014 which is a joint venture between B Investments and MM Group. Dessouky said that both companies will be up and running at the beginning of 2020. Private equity firm Tanmeya Capital Ventures<\/a> (TCV) and Acquire for Investments<\/a>, as well as other individual investors, will also purchase shares in the companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ebtikar for Financial Investment is planning to set up two consumer finance arms by the end of the year, the company\u2019s CEO Ayman El Dessouky said. One of the companies will specialize in car purchases, and both will be majority-owned by Ebtikar \u2014 which is a joint venture between B Investments and MM Group. Dessouky […]<\/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":[9298],"tags":[2372,72,125,595,758],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592659","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-investment-watch","tag-non-banking-financial-services","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"fe70cd22-28a7-4057-a985-90a84c4c0819","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592631],"teaser":"","voice_url":""},"yoast_head":"\nEbtikar to set up two consumer finance arms by year end - 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\/2019\/11\/03\/ebtikar-to-set-up-two-consumer-finance-arms-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ebtikar to set up two consumer finance arms by year end\" \/>\n<meta property=\"og:description\" content=\"Ebtikar for Financial Investment is planning to set up two consumer finance arms by the end of the year, the company\u2019s CEO Ayman El Dessouky said. 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Saba did not disclose a timeline\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":601932,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/ebtikar-plans-new-investments-for-bee\/","url_meta":{"origin":592659,"position":1},"title":"Ebtikar plans new investments for Bee","author":"enterpriseam admin","date":"13 March 2019","format":false,"excerpt":"Ebtikar for Financial Investment, a 50-50 joint venture between BPE Partners and MTI, is planning to invest EGP \u201ctens of mns\u201d in TBE Egypt and Payment Solutions (Bee) over the coming period, Ebtikar Chairman Ayman El Dessouky tells Al Mal. Ebtikar acquired 60% of Bee in October 2017 and invested\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599092,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/","url_meta":{"origin":592659,"position":2},"title":"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"M&A WATCH- Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group: A consortium of funds including B Investments\u2019 Ebtikar for Financial Investment, TCV1, and Acquire for Investment has completed its acquisition of Orascom Development Egypt (ODH)\u2019s 87% stake in Tamweel Group, Ebtikar said in a statement (pdf). The\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\/2023\/2\/handshake-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600382,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/ebtikars-vitas-gets-microfinancing-license\/","url_meta":{"origin":592659,"position":3},"title":"Ebtikar\u2019s Vitas gets microfinancing license","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"Ebtikar for Financial Investment\u2019s Vitas received a micro-financing license and will focus on projects that need up to EGP 100,000 of funding,parent company B Investments said in a bourse disclosure (pdf). B Investments established Ebtikar in June 2017 as a vehicle to invest in the non-banking financial services sector.","rel":"","context":"In "Banking + Finance"","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":559800,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/ebtikar-eyes-2h2021-ipo\/","url_meta":{"origin":592659,"position":4},"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":567389,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/ebtikar-submits-proposal-to-set-up-two-consumer-financing-companies\/","url_meta":{"origin":592659,"position":5},"title":"Ebtikar submits proposal to set up two consumer financing companies","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"Ebtikar wants to set up two consumer financing companies: B Investments\u2019 Ebtikar has submitted documents to the General Authority for Investment to establish two consumer finance companies, according to the local press. 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CEO Ayman El Desouki previously said that one\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592659","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=592659"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/592659\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/592631"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=592659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=592659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=592659"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=592659"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=592659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}