{"id":612133,"date":"2023-12-18T00:00:00","date_gmt":"2023-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/18\/egytrans-saudi-edition-plus-news-from-adib-egyptalum-bostana\/"},"modified":"2023-12-18T00:00:00","modified_gmt":"2023-12-18T00:00:00","slug":"egytrans-saudi-edition-plus-news-from-adib-egyptalum-bostana","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/18\/egytrans-saudi-edition-plus-news-from-adib-egyptalum-bostana\/","title":{"rendered":"Egytrans (Saudi Edition). PLUS: News from ADIB, EgyptAlum, Bostana"},"content":{"rendered":"

EGYTRANS SETTING UP SHOP IN SAUDI:<\/strong> Transport and logistics company Egytrans will establish a SAR 10 mn (USD 2.7 mn) limited liability company in Saudi Arabia in partnership with the kingdom\u2019s Link Investments<\/a> in 1Q 2024. The new entity will have initial capital of SAR 500k. (EGX disclosure, pdf<\/a>)<\/p>\n

NO UAE MONEY FOR EGYPTALUM?<\/strong>Egypt Aluminium<\/a> (EgyptAlum)has denied knowledge of an agreement<\/a> that would see Emirates Global Aluminium<\/a> (EGA) invest an undisclosed amount in the EGX-listed aluminum player. An Al Borsa<\/a> report earlier this week claimed that the investment would be finalized before the end of 1Q 2024. (EGX<\/a>disclosure<\/a>, pdf<\/a>)<\/p>\n

NEW BOSTANA FACTORY: <\/strong>Frozen fruit and vegetable manufacturer Bostana<\/a> wants to build an EGP 100 mn factory in 6th of October in an effort to increase production capacity and boost exports. The factory should be operational by 2025. (Al Borsa<\/a>)<\/p>\n

ADIB WANTS FULL OWNERSHIP OF CNIS: <\/strong>Abu Dhabi Islamic Bank (ADIB) Egypt will submit a mandatory tender offer to up its stake in subsidiary Cairo National Company Investment and Securities<\/a> (CNIS) to up to 100% from 90%, after its board approved the move. ADIB is looking to buy all of the freely traded shares in its investment subsidiary for EGP 10.5 a share before voluntary delisting CNIS from the EGX. (EGX disclosure, pdf<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Egytrans is partnering with Saudi\u2019s Link Investments to set up a Saudi LLC<\/p>\n","protected":false},"author":1,"featured_media":612134,"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":[7209],"tags":[469,111,7144,68,1008,1142,6769,72,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-islamic-bank","tag-also-on-our-radar","tag-bostana","tag-egx","tag-egypt-aluminum","tag-egytrans","tag-emirates-global-aluminum","tag-enterpriseam","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"62fb061b-b7ab-421a-9b43-5f3aaa9983b9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1140.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egytrans (Saudi Edition). 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date","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\/2023\/12\/1227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659776,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/02\/private-equity-firm-rmbv-plans-to-invest-usd-100-mn-in-egypt-in-2025\/","url_meta":{"origin":612133,"position":1},"title":"Private equity firm RMBV plans to invest USD 100 mn in Egypt in 2025","author":"enterpriseam admin","date":"2 February 2025","format":false,"excerpt":"PLUS- Egytrans and Saudi-based Links Investments have launched Egytrans Arabia","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our 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We spoke with Chairperson and CEO Abir Leheta (LinkedIn) on the sidelines of\u2026","rel":"","context":"In "ON THE SIDELINES"","block_context":{"text":"ON THE SIDELINES","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-sidelines\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2462.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617011,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/egytrans-appoints-maged-shawky-as-chairman\/","url_meta":{"origin":612133,"position":5},"title":"Egytrans appoints Maged Shawky as chairman","author":"enterpriseam admin","date":"14 March 2024","format":false,"excerpt":"Transport and logistics company Egytrans has appointed Maged Shawky (LinkedIn) as the new chairman of the company, it said in a bourse disclosure (pdf). Over Shawky\u2019s long career, he has served as the executive chairman of both the EGX and Beltone Financial, co-founded river transport company Nile Taxi, served as\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1249.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\/612133","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=612133"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612133\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/612110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612134"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612133"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612133"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}