{"id":605236,"date":"2018-12-26T04:21:15","date_gmt":"2018-12-26T04:21:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/"},"modified":"2018-12-26T04:21:15","modified_gmt":"2018-12-26T04:21:15","slug":"fra-gives-raya-founder-until-28-december-to-submit-mto","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/","title":{"rendered":"FRA gives Raya founder until 28 December to submit MTO"},"content":{"rendered":"<p><b>M&A WATCH- Raya Holding founder Medhat Khalil has until 28 December to submit bid for 100% <\/b>of the company he founded or sell down shares to get below the threshold that makes the offer mandatory, the Financial Regulatory Authority (FRA) said in an <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/224855_1.pdf\">EGX statement (pdf)<\/a>. Last week, Khalil <a href=\"https:\/\/enterprise.press\/stories\/2018\/12\/23\/khalil-withdraws-appeal-asks-egypts-fra-for-60-day-grace-period-to-submit-mto\/\">withdrew an appeal<\/a> against the conditions laid out by the FRA and asked for a 60-day grace period to either submit the MTO or sell down the shares. The founder was reportedly considering two proposals from banks for financing to fund his take-Raya-private bid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Raya Holding founder Medhat Khalil has until 28 December to submit bid for 100% of the company he founded or sell down shares to get below the threshold that makes the offer mandatory, the Financial Regulatory Authority (FRA) said in an EGX statement (pdf). Last week, Khalil withdrew an appeal against the conditions [&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":[72,7087,7128,614,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605236","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance","tag-ma-watch","tag-raya-holding","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f09e775a-30a0-4469-83bf-9b18eb53ce6b","order":"0","is_powered_by":true,"section_story_id":"45fa9acf-62ad-4d43-9858-b8252bf6ae4d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605224],"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>FRA gives Raya founder until 28 December to submit MTO - 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\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA gives Raya founder until 28 December to submit MTO\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Raya Holding founder Medhat Khalil has until 28 December to submit bid for 100% of the company he founded or sell down shares to get below the threshold that makes the offer mandatory, the Financial Regulatory Authority (FRA) said in an EGX statement (pdf). Last week, Khalil withdrew an appeal against the conditions [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-26T04:21:15+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\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA gives Raya founder until 28 December to submit MTO\",\"datePublished\":\"2018-12-26T04:21:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance\",\"M&amp;A Watch\",\"Raya Holding\",\"regulation\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/fra-gives-raya-founder-until-28-december-to-submit-mto\/\",\"name\":\"FRA gives Raya founder until 28 December to submit MTO - 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Conflicting media reports emerged yesterday over reports that Raya founder Medhat Khalil is leading a group that will submit a mandatory tender offer (MTO) to acquire 100% of Raya Holding for Financial Investments by\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605236","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=605236"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605236\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605224"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605236"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605236"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}