{"id":604825,"date":"2018-12-13T04:50:48","date_gmt":"2018-12-13T04:50:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/uaes-al-ghurair-and-murban-sign-shareholder-agreement-with-al-ahly-capital-for-usd-1-bn-sugar-factory-in-egypts-minya\/"},"modified":"2018-12-13T04:50:48","modified_gmt":"2018-12-13T04:50:48","slug":"uaes-al-ghurair-and-murban-sign-shareholder-agreement-with-al-ahly-capital-for-usd-1-bn-sugar-factory-in-egypts-minya","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/13\/uaes-al-ghurair-and-murban-sign-shareholder-agreement-with-al-ahly-capital-for-usd-1-bn-sugar-factory-in-egypts-minya\/","title":{"rendered":"UAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn sugar factory in Egypt\u2019s Minya"},"content":{"rendered":"

INVESTMENT WATCH- UAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn Minya sugar factory: <\/b>UAE\u2019s Al Ghurair and Murban have signed a shareholder agreement with Al Ahly Capital Holding for the USD 1 bn Al Canal sugar beet processing factory in Minya, according to a statement (pdf)<\/a>. Under the agreement, Al Ahly Capital will hold a 30% stake in the project, while Al Ghurair and Murban will hold the remaining 70%. The statement does not break down the individual Emirati companies\u2019 stakes. The project will see the company develop 181k feddans of reclaimed desert land west of Minya to grow 1 mn tonnes of beets per year, as well as develop a USD 400 mn sugar production facility. The project will be complete in 2020. Al Ahly Capital, which is also acting as the financial advisor for the project, is arranging a USD 700 mn loan from international lenders.<\/p>\n

Zaki Hashem & Partners acted as legal advisor<\/b> to Al Canal Sugar and its shareholders on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- UAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn Minya sugar factory: UAE\u2019s Al Ghurair and Murban have signed a shareholder agreement with Al Ahly Capital Holding for the USD 1 bn Al Canal sugar beet processing factory in Minya, according to a statement (pdf). Under […]<\/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":[11513,7097,72,125,2414,2380,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604825","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-ahly-capital-holding","tag-development","tag-enterpriseam","tag-investment-watch","tag-murban-group","tag-speed-round","tag-uae","wpautop","entry"],"acf":{"mongo_id":"79e258c2-2fdd-46af-adbe-823f7e65eddd","order":"0","is_powered_by":true,"section_story_id":"b071e831-7f28-42ee-a454-e4beb834f618","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604806],"teaser":"","voice_url":""},"yoast_head":"\nUAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn sugar factory in Egypt\u2019s Minya - 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\/2018\/12\/13\/uaes-al-ghurair-and-murban-sign-shareholder-agreement-with-al-ahly-capital-for-usd-1-bn-sugar-factory-in-egypts-minya\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn sugar factory in Egypt\u2019s Minya\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- UAE\u2019s Al Ghurair and Murban sign shareholder agreement with Al Ahly Capital for USD 1 bn Minya sugar factory: UAE\u2019s Al Ghurair and Murban have signed a shareholder agreement with Al Ahly Capital Holding for the USD 1 bn Al Canal sugar beet processing factory in Minya, according to a statement (pdf). 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