{"id":605366,"date":"2023-08-30T00:00:00","date_gmt":"2023-08-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/"},"modified":"2023-08-30T00:00:00","modified_gmt":"2023-08-30T00:00:00","slug":"military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","title":{"rendered":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi"},"content":{"rendered":"

Military asset sales in the spotlight: <\/strong> The sales of military-owned firms Safi and Wataniya were spotlit in the latest iteration of the government\u2019s state ownership policy out yesterday. The Wataniya transaction appears to have gotten extra traction after Taqa Arabia became the first company to publicly acknowledge interest in the firm, while the race for Safi remains, well, not very safi (pun intended).<\/p>\n

ICYMI- <\/strong>The Sovereign Fund of Egypt has been working to sell at least 10% \u2014 and potentially as much as 100%<\/a> \u2014 of filling station operator Wataniya and bottled water firm Safi under the privatization program. The government tapped CI Capital<\/a> to quarterback the process, for which a roadshow kicked off in March. <\/p>\n

TAQA EYES WATANIYA- <\/strong><\/p>\n

Taqa Arabia wants a stake in Wataniya: <\/strong>Qalaa Holdings\u2019 Taqa Arabia has submitted a non-binding offer to buy an unspecified stake in fuel retailer Wataniya, the company said yesterday in an EGX disclosure (pdf)<\/a>. The government hopes to wrap up the sale between October and November. <\/p>\n

Remember: <\/strong>The military\u2019s National Service Projects Organization (NSPO), which owns 100% ofWataniya, last month acquired a 20% stake<\/a> in Taqa in an EGP 1.6 bn transaction. The seller, Qalaa Holdings, has an option to repurchase the stake at a later date.<\/p>\n

Taqa has competition: <\/strong>Taqa Arabia is among four firms that have been granted permission by the Madbouly government to conduct due diligence on Wataniya, according to the updated state ownership policy document leaked yesterday. The four firms were cleared for due diligence from among eight original bidders, according to the document.<\/p>\n

So, who else is bidding? <\/strong> Abu Dhabi National Oil Company ( Adnoc <\/strong>), the Emirates National Oil Company ( Enoc <\/strong>), and Saudi firm Petromin <\/strong> were named by Asharq<\/a> Business<\/a> yesterday, which cited a senior government official. These are the same three companies Al Borsa claimed<\/a> last month to be in the running for the company. None of the companies have commented publicly on the speculation.<\/p>\n

The price tag? <\/strong> Bids for Wataniya have so far ranged between USD 250 mn and USD 280 mn, the government official reportedly told Asharq. <\/p>\n

Taqa could pay in EGP: <\/strong> The state ownership document says that \u201cin most cases\u201d payment will be made in USD, though Taqa\u2019s offer will not be paid fully in hard currency. Taqa told the EGX it is yet to decide on the means of financing the potential acquisition. Three banking sources told Asharq<\/a> that the company is working to secure a loan of at least EGP 3 bn from a syndicate led by CIB.<\/p>\n

Restructuring <\/strong> ? <\/strong>The government has spun off 174 of Wataniya\u2019s 300 gas stations into a separate entity, according to the document. It\u2019s not clear what this company is called, who owns it, or whether the assets will remain part of the transaction.<\/p>\n

ICYMI- It\u2019s been a big summer for Taqa: <\/strong>The company made its EGX debut<\/a> last month in a direct offering to investors via the EGX. <\/p>\n

TWO INVESTORS WANT SAFI- <\/strong><\/p>\n

Two unnamed investors are looking to acquire a <\/strong> stake in <\/strong> bottled drinks firm Safi<\/strong>, according to the document. The government expects to reach an agreement on the sale by December. <\/p>\n

Has Safi been restructured? <\/strong>The NSPO-owned company has been restructured to spin off its factories and 75 distribution outlets from the rest of its business, the document says, without providing further details. As with Wataniya, it\u2019s not clear which entity is being offered to investors. Local media had previously reported that potential investors were keen to buy the water business on a standalone basis without the firm\u2019s olive oil, pickled olives, and salt subsidiaries. <\/p>\n

REMEMBER- Agthia is out. <\/strong> ADQ-owned food company Agthia is reportedly no longer<\/a> interested<\/a> in acquiring the firm. <\/p>\n","protected":false},"excerpt":{"rendered":"

Taqa is one of four companies doing due diligence on the company<\/p>\n","protected":false},"author":1,"featured_media":605367,"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":[7321],"tags":[1703,10599,72,7128,7307,11525,11526,81,613,587,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-adnoc","tag-enoc","tag-enterpriseam","tag-ma-watch","tag-military","tag-national-service-projects-organisation","tag-petromin","tag-privatization-watch","tag-qalaa-holdings","tag-state-privatization-program","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"9326a491-9645-49df-b489-e36f40100021","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/1427.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa Arabia submits offer for military-owned filling station operator Wataniya + 2 investors are eyeing water brand Safi","related_issue":[605359],"teaser":"Taqa is one of four companies doing due diligence on the company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.74e5898e-18d9-4e84-9922-1861d33ea40f.mp3"},"yoast_head":"\nMilitary stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi - 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\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi\" \/>\n<meta property=\"og:description\" content=\"Taqa is one of four companies doing due diligence on the company\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-30T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi\",\"datePublished\":\"2023-08-30T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\"},\"wordCount\":619,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADNOC\",\"ENOC\",\"EnterpriseAM\",\"M&A Watch\",\"military\",\"National Service Projects Organisation\",\"Petromin\",\"privatization watch\",\"Qalaa Holdings\",\"state privatization program\",\"TAQA Arabia\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\",\"name\":\"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-08-30T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","og_locale":"en_US","og_type":"article","og_title":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi","og_description":"Taqa is one of four companies doing due diligence on the company","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-08-30T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi","datePublished":"2023-08-30T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/"},"wordCount":619,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1","keywords":["ADNOC","ENOC","EnterpriseAM","M&A Watch","military","National Service Projects Organisation","Petromin","privatization watch","Qalaa Holdings","state privatization program","TAQA Arabia"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","name":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1","datePublished":"2023-08-30T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":582603,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/safi-wataniya-prepare-for-offering\/","url_meta":{"origin":605366,"position":0},"title":"Safi + Wataniya prepare for offering","author":"enterpriseam admin","date":"13 March 2023","format":false,"excerpt":"The adviser working on the offering is unknown.","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/wataniya-station-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586994,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/21\/adnoc-to-make-the-first-bid-for-wataniya\/","url_meta":{"origin":605366,"position":1},"title":"Adnoc to make the first bid for Wataniya","author":"enterpriseam admin","date":"21 May 2023","format":false,"excerpt":"Strategics reportedly want at least 20% of Wataniya, Safi","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1077.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583645,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/19\/sfe-open-to-selling-100-of-safi-wataniya-to-strategic-investors-soliman\/","url_meta":{"origin":605366,"position":2},"title":"SFE open to selling 100% of Safi, Wataniya to strategic investors -Soliman","author":"enterpriseam admin","date":"19 March 2023","format":false,"excerpt":"Local, regional and international investors have reportedly shown interest in the companies","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Safi-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582905,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/15\/ci-capital-reportedly-marketing-at-least-10-of-safi-wataniya-to-strategics\/","url_meta":{"origin":605366,"position":3},"title":"CI Capital reportedly marketing at least 10% of Safi, Wataniya to strategics","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"CI Capital plans to wrap up the roadshow within a month","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/1600-Wataneya-gas.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568137,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/privatize-all-the-things\/","url_meta":{"origin":605366,"position":4},"title":"Privatize all the things","author":"enterpriseam admin","date":"20 December 2020","format":false,"excerpt":"The state privatization program could be making a comeback in the coming months after Public Enterprises Minister Hisham Tawfik told Bloomberg over the weekend that the government has earmarked five companies to be offered to investors. Improving market conditions and increased foreign appetite for Egyptian equities has prompted the government\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565092,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/wataniya-sale-pushed-back-to-2h2021\/","url_meta":{"origin":605366,"position":5},"title":"Wataniya sale pushed back to 2H2021","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"The sale of 80-90% of military-owned Wataniya Petroleum has been pushed back to 2H2021, sources close to the transaction told the local press. The Sovereign Fund of Egypt (SFE), which is managing the sale, had previously been expected to wrap it up in the first half of the year, according\u2026","rel":"","context":"In "SPEED ROUND: PRIVATIZATION WATCH"","block_context":{"text":"SPEED ROUND: PRIVATIZATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605366","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=605366"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605366\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/605367"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605366"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605366"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}