{"id":602618,"date":"2019-04-02T04:05:55","date_gmt":"2019-04-02T04:05:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/sawiris-looks-to-acquire-license-for-sme-focused-bank-in-egypt\/"},"modified":"2019-04-02T04:05:55","modified_gmt":"2019-04-02T04:05:55","slug":"sawiris-looks-to-acquire-license-for-sme-focused-bank-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/sawiris-looks-to-acquire-license-for-sme-focused-bank-in-egypt\/","title":{"rendered":"Sawiris looks to acquire license for SME-focused bank in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution<\/b> once the Central Bank of Egypt (CBE) introduces a relevant licensing mechanism, <a href=\"https:\/\/www.alborsaanews.com\/2019\/04\/01\/1191653\">according to the domestic press<\/a>. The report claims the celebrity bn\u2019aire spoke with CBE Governor Tarek Amer about creating a class of tier-two lender that would cater to the financing needs of SMEs. We had noted <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/21\/central-bank-of-egypt-studies-licenses-for-sme-focused-lenders\/\">in February<\/a> that the CBE was looking into a category of licenses of tier two lenders.<\/p>\n<p><b>In other Naguib news: <\/b>Sawiris is complaining about red tape in the real estate industry, is looking to invest in a dairy operation and is mulling doing something in the ride-hailing sector, according to local press reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt (CBE) introduces a relevant licensing mechanism, according to the domestic press. The report claims the celebrity bn\u2019aire spoke with CBE Governor Tarek Amer about creating a class of tier-two lender that would cater to the [&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":[204,271,72,125,131,2065,83,343,328,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602618","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-central-bank-of-egypt","tag-enterpriseam","tag-investment-watch","tag-manufacturing","tag-naguib-sawiris","tag-real-estate","tag-regulation","tag-ride-hailing","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"209726b0-123e-4bb8-a0d0-cc2ea0e23269","is_powered_by":true,"section_story_id":"f861f9f5-9a4f-48e5-9a95-555801545114","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602612],"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>Sawiris looks to acquire license for SME-focused bank in 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\/2019\/04\/02\/sawiris-looks-to-acquire-license-for-sme-focused-bank-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sawiris looks to acquire license for SME-focused bank in Egypt\" \/>\n<meta property=\"og:description\" content=\"Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt (CBE) introduces a relevant licensing mechanism, according to the domestic press. 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Orascom Financial Holding (OFH) could look at acquiring a controlling stake in the United Bank of Egypt in what could be the newly formed company\u2019s first acquisition and foray into the country\u2019s banking system, Orasom Investment Holding (OIH) Chairman\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":574137,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/31\/naguib-sawiris-owned-ora-looks-to-debt-market-to-finance-projects\/","url_meta":{"origin":602618,"position":1},"title":"Naguib Sawiris-owned Ora looks to debt market to finance projects","author":"enterpriseam admin","date":"31 August 2020","format":false,"excerpt":"DEBT WATCH- Naguib Sawiris\u2019 Ora Developers is looking to issue bonds and take out more loans to finance its real estate projects, the b\u2019naire told Hapi Journal, without specifying how much the company wants to raise or the type of debt securities it will use. Ora already acquired a EGP\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":594962,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/12\/ebrd-sawiris-foundation-team-up-to-develop-egyptian-smes\/","url_meta":{"origin":602618,"position":2},"title":"EBRD, Sawiris Foundation team up to develop Egyptian SMEs","author":"enterpriseam admin","date":"12 September 2019","format":false,"excerpt":"EBRD and SFSD team up to develop Egyptian SMEs: The European Bank for Reconstruction and Development (EBRD) and the Sawiris Foundation for Social Development (SFSD) are partnering up to support the development and expansion of SMEs in Egypt, focusing on those of young people and women, according to an EBRD\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\/2019\/9\/2787.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592738,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/naguib-sawiris-replaces-tamer-el-mahdi-as-oih-ceo\/","url_meta":{"origin":602618,"position":3},"title":"Naguib Sawiris replaces Tamer El Mahdi as OIH CEO","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"MOVES- Orascom Investment Holding Executive Chairman Naguib Sawiris will assume the position of CEO after Tamer El Mahdi submitted his resignation, effective 31 December 2019,the company said in a bourse disclosure (pdf). Sawiris previously served as CEO of the group before he resigned in January 2017 and nominated El Mahdi\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":594136,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/sawiris-ora-in-talks-with-qatari-diar-for-51-stake-in-egypts-citygate\/","url_meta":{"origin":602618,"position":4},"title":"Sawiris\u2019 Ora in talks with Qatari Diar for 51% stake in Egypt\u2019s CityGate","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"M&A WATCH- Ora Developers in talks with Qatari Diar for 51% stake in CityGate: Naguib Sawiris\u2019 Ora Developers is in \u201cadvanced talks\u201d to acquire a 51% stake in the Qatari Diar-owned company developing the CityGate project in New Cairo for USD 800 mn, unnamed sources said, according to Al Shorouk.\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\/2019\/2\/2747.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570381,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/30\/naguib-sawiris-channels-his-inner-donald-on-the-impact-of-social-distancing-on-the-economy\/","url_meta":{"origin":602618,"position":5},"title":"Naguib Sawiris channels his Inner Donald on the impact of social distancing on the economy","author":"enterpriseam admin","date":"30 March 2020","format":false,"excerpt":"Naguib Sawiris dropped in to Al Kahera Alaan to offer his two cents on the state of the economy as the talking heads continued to chronicle the story of covid-19. 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