{"id":595838,"date":"2019-08-07T04:00:26","date_gmt":"2019-08-07T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/"},"modified":"2019-08-07T04:00:26","modified_gmt":"2019-08-07T04:00:26","slug":"prime-holding-moves-ahead-with-establishing-consumer-financing-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/","title":{"rendered":"Prime Holding moves ahead with establishing consumer financing arm"},"content":{"rendered":"<p>Prime Holding plans to establish a EGP 100 mn consumer finance subsidiary, <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/232932_1.pdf\">Prime said in a bourse filing (pdf)<\/a>. The move comes days after the firm\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/04\/prime-holding-mulls-establishing-consumer-finance-arm\/\">CEO Mohamed Maher said<\/a> that the company was considering the move.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Holding plans to establish a EGP 100 mn consumer finance subsidiary, Prime said in a bourse filing (pdf). The move comes days after the firm\u2019s CEO Mohamed Maher said that the company was considering the move.<\/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":[2372,72,976],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595838","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-prime-holding","wpautop","entry"],"acf":{"mongo_id":"17d61315-b40b-47f1-8ae2-a98e064069d1","is_powered_by":true,"section_story_id":"2f981ba8-3b2f-4f75-836f-6ea8c7370465","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595814],"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>Prime Holding moves ahead with establishing consumer financing arm - 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\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime Holding moves ahead with establishing consumer financing arm\" \/>\n<meta property=\"og:description\" content=\"Prime Holding plans to establish a EGP 100 mn consumer finance subsidiary, Prime said in a bourse filing (pdf). The move comes days after the firm\u2019s CEO Mohamed Maher said that the company was considering the move.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-07T04:00:26+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\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Prime Holding moves ahead with establishing consumer financing arm\",\"datePublished\":\"2019-08-07T04:00:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\"},\"wordCount\":46,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Prime Holding\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/prime-holding-moves-ahead-with-establishing-consumer-financing-arm\/\",\"name\":\"Prime Holding moves ahead with establishing consumer financing arm - 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Prime Holding recently acquired 10% of Al Tawfeek Leasing Company for EGP 29 mn.","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":591906,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/19\/prime-holding-to-launch-its-consumer-financing-arm-in-march\/","url_meta":{"origin":595838,"position":1},"title":"Prime Holding to launch its consumer financing arm in March","author":"enterpriseam admin","date":"19 December 2019","format":false,"excerpt":"Prime Holding will launch its consumer financing arm by March 2020, recently-appointed CEO Mohamed Maher told the local press. The launch is pending certain logistical procedures, including hiring staff and purchasing an electronic system, Maher said.","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":573599,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/prime-holding-launches-subsidiary-prime-fintech-reduces-stake-in-at-lease\/","url_meta":{"origin":595838,"position":2},"title":"Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as part of Prime\u2019s wider plan to set up non-banking financial services subsidiaries. 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The company is reportedly also considering getting into financial leasing as part of plans to diversify its activities.","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":594620,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/egypts-nasser-social-bank-taps-prime-holding-as-advisor-for-restructuring-plans\/","url_meta":{"origin":595838,"position":4},"title":"Egypt\u2019s Nasser Social Bank taps Prime Holding as advisor for restructuring plans","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Nasser Social Bank has tapped Prime Holding as an advisor for its restructuring plans, the first phase of which will be funded by a USD 555k grant from the African Development Bank, CEO Sherif Farouk told the local press.","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":596983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-grants-prime-holdings-brokerage-arm-short-selling-license\/","url_meta":{"origin":595838,"position":5},"title":"FRA grants Prime Holdings brokerage arm short-selling license","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) approved granting Prime Holdings a short-seller\u2019s license, local press reported on Thursday. 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