{"id":610309,"date":"2023-11-19T00:00:00","date_gmt":"2023-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/"},"modified":"2023-11-19T00:00:00","modified_gmt":"2023-11-19T00:00:00","slug":"egypt-sells-30-stake-in-eastern-company-for-usd-625-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/","title":{"rendered":"Egypt sells 30% stake in Eastern Company for USD 625 mn"},"content":{"rendered":"

It\u2019s a wrap on the Eastern stake sale:<\/strong> The Madbouly government has completed the sale of a 30% stake in state-owned tobacco manufacturer Eastern Company for USD 625 mn, making it the single-largest transaction since it rebooted its privatization strategy earlier this year. <\/p>\n

New Emirati shareholders:<\/strong> The UAE-based Global Investment Holding (GIH) purchased 669 mn shares from the company\u2019s state-owned majority shareholder for EGP 24.52 apiece, totaling EGP 16.4 bn (USD 532 mn), the Public Enterprises Ministry said in a statement (pdf)<\/a> Thursday. The transaction will make GIH the company\u2019s single-largest shareholder.<\/p>\n

A top-up: <\/strong>GIH agreed to pay an additional EGP 4.38 per share, taking the total value of the transaction to EGP 19.3 bn (USD 625 mn), according to the statement. The ministry did not disclose which state coffer will be the ultimate beneficiary of the funds.<\/p>\n

GIH bought the shares in USD and settled the transaction the <\/strong>day before it closed.<\/strong> The money will be transferred from abroad under the agreement.<\/p>\n

USD > EGP: The state offering program is a key part of the government\u2019s strategy to bring an end to the 18+ month FX shortage. The government has so far had mixed results in selling assets for hard currency, with stake sales to ADQ<\/a> recently bringing in USD 800 mn but sales of shares in both Telecom Egypt<\/a> and Al Ezz Dekheila<\/a> shares being done primarily in EGP. <\/p>\n

The state no longer has a controlling interest in the firm: <\/strong>State-owned Chemical Industries Holding Company\u2019s (CIHC), the former majority shareholder of Eastern, sold the entire 30% stake, reducing its ownership to 20.95%. The Allan Gray Africa ex-SA equity fund owns another 7.21% stake in the company while the labor union holds a 5.2% share. The remaining shares are in freefloat.<\/p>\n

Market reax:<\/strong> Eastern Company shares rose 0.9% to close at EGP 27.95 on Thursday.<\/p>\n

Remember:<\/strong> The government announced in September<\/a> that the Emirati firm had agreed to purchase the stake for USD 625 mn in addition to a USD 150 mn investment to help it overcome the economic headwinds and purchase manufacturing inputs.<\/p>\n

Eastern could be facing an antitrust probe:<\/strong>Tobacco distributors JTI-Nakhla and Al Mansour International Distribution Company last week filed a complaint<\/a> with the Egyptian Competition Authority (ECA) accusing Eastern and GIH of engaging in monopolistic practices. The ECA has yet to publicly say it has received the complaint and has not confirmed it is starting an investigation.<\/p>\n

What\u2019s next for the privatization program:<\/strong> Cabinet is expecting to finalize agreements to sell a significant stake in its hotels holding company<\/a> and military-owned fuel retailer Wataniya<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Emirati buyer will pay in USD in a boost for the state as it tries to ease the FX crunch<\/p>\n","protected":false},"author":1,"featured_media":610310,"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":[247,72,81,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-eastern-company","tag-enterpriseam","tag-privatization-watch","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"d42b0c32-513b-4c59-9cd3-ee95c9515f06","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/971.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt sells 30% stake in Eastern Company for USD 625 mn","related_issue":[610304],"teaser":"The Emirati buyer will pay in USD in a boost for the state as it tries to ease the FX crunch","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.eeffd849-3b85-4f5b-ba21-0d7eed9e4a42.mp3"},"yoast_head":"\nEgypt sells 30% stake in Eastern Company for USD 625 mn - 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\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt sells 30% stake in Eastern Company for USD 625 mn\" \/>\n<meta property=\"og:description\" content=\"The Emirati buyer will pay in USD in a boost for the state as it tries to ease the FX crunch\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt sells 30% stake in Eastern Company for USD 625 mn\",\"datePublished\":\"2023-11-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\"},\"wordCount\":424,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Eastern Company\",\"EnterpriseAM\",\"privatization watch\",\"state privatization program\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\",\"name\":\"Egypt sells 30% stake in Eastern Company for USD 625 mn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt sells 30% stake in Eastern Company for USD 625 mn\"}]},{\"@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":"Egypt sells 30% stake in Eastern Company for USD 625 mn - 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\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/","og_locale":"en_US","og_type":"article","og_title":"Egypt sells 30% stake in Eastern Company for USD 625 mn","og_description":"The Emirati buyer will pay in USD in a boost for the state as it tries to ease the FX crunch","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt sells 30% stake in Eastern Company for USD 625 mn","datePublished":"2023-11-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/"},"wordCount":424,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1","keywords":["Eastern Company","EnterpriseAM","privatization watch","state privatization program"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/","name":"Egypt sells 30% stake in Eastern Company for USD 625 mn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1","datePublished":"2023-11-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/egypt-sells-30-stake-in-eastern-company-for-usd-625-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt sells 30% stake in Eastern Company for USD 625 mn"}]},{"@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\/11\/971.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/971.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\/11\/971.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":610403,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/eastern-in-line-for-usd-150-mn-from-new-uae-shareholder-to-ensure-access-to-materials\/","url_meta":{"origin":610309,"position":0},"title":"Eastern in line for USD 150 mn from new UAE shareholder to ensure access to materials","author":"enterpriseam admin","date":"20 November 2023","format":false,"excerpt":"They will also inject an additional USD 150 mn in installments next year","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\/11\/1016.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620594,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/23\/philip-morris-snaps-up-14-7-stake-in-eastern-company\/","url_meta":{"origin":610309,"position":1},"title":"Philip Morris snaps up 14.7% stake in Eastern Company","author":"enterpriseam admin","date":"23 May 2024","format":false,"excerpt":"Philip Morris bought the stake from new shareholder Emirati Global Investment Holding","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1875.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641756,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/eastern-company-sees-income-rise-69-to-egp-4-bn-during-the-last-quarter-of-the-fiscal-year\/","url_meta":{"origin":610309,"position":2},"title":"Eastern Company sees income rise 69% to EGP 4 bn during the last quarter of the fiscal year","author":"enterpriseam admin","date":"2 September 2024","format":false,"excerpt":"The company could pay a dividend of EGP 2.7 per share on its earnings","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1830.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605639,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/04\/uae-based-firm-acquires-30-stake-in-eastern-company\/","url_meta":{"origin":610309,"position":3},"title":"UAE-based firm acquires 30% stake in Eastern Company","author":"enterpriseam admin","date":"4 September 2023","format":false,"excerpt":"The sale injects new momentum into the government\u2019s privatization drive","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\/9\/106.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601693,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/07\/alabbar-saudis-gobble-up-25-of-shares-on-offer-from-eastern-company-stake-sale\/","url_meta":{"origin":610309,"position":4},"title":"Alabbar, Saudis gobble up 25% of shares on offer from Eastern Company stake sale","author":"enterpriseam admin","date":"7 March 2019","format":false,"excerpt":"Alabbar, Saudis gobble up 25% of shares on offer from Eastern Company stake sale: Emirati businessman and chairman of Emaar Properties Mohamed Alabbar, along with a number of unamed Saudi Arabian investors, have bought 25% of shares in the institutional offering of Eastern Company\u2019s stake sale that took place last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/2270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586433,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/11\/telecom-egypt-sale-is-back-on\/","url_meta":{"origin":610309,"position":5},"title":"Telecom Egypt sale is back on","author":"enterpriseam admin","date":"11 May 2023","format":false,"excerpt":"The government will be selling shares at a 3.8% discount from current share price","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\/624.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\/610309","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=610309"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610309\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610310"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610309"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610309"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}