{"id":615039,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/","title":{"rendered":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels"},"content":{"rendered":"

Gov\u2019t taps Compass Capital to promote its stake in EPP: <\/strong>State-owned Egyptian Petrochemicals Holding Company(ECHEM)has tapped private equity firm Compass Capital to promote part of the 22% stake it owns \u2014 along with the Egyptian Natural Gas Company (GASCO) \u2014 in state-owned thermoplastic producer Egyptian Propylene and Polypropylene (EPP) to Gulf- and China-based investors, a government source told Enterprise.<\/p>\n

D\u00e9j\u00e0 vu:<\/strong> Local media reported in October<\/a> that the government was looking to sell 10-15% of its 22% stake in EPP to a foreign investor and that an unnamed Saudi private company has shown interest.<\/p>\n

Remember:<\/strong> The plastic maker is one of 35 state-owned<\/a> companies earmarked for privatization. The government said it is aiming to raise USD 5 bn from asset sales between October 2023 and June 2024.<\/p>\n

TMG\u2019S ICON NOW OWNS 51% OF LEGACY- <\/p>\n

TMG is now the major shareholder of Legacy hotels: <\/strong>Talaat Moustafa Group\u2019s (TMG) subsidiary Icon Investments has inked the final contract for acquiring a 51% stake in Legacy Hospitality \u2014 a group of seven historic hotels \u2014 after completing a capital increase, TMG said in a bourse disclosure (pdf)<\/a> yesterday.<\/p>\n

The acquisition is set to double Icon\u2019s topline:<\/strong> TMG expects the seven newcomers to \u201cmore than double Icon\u2019s consolidated USD hotels revenues in 2024 to more than USD 250 mn.\u201d The acquisition will also double Icon\u2019s hotel room capacity to a total of 5k, \u201cmaking the group the largest luxury hospitality platform\u201d in Egypt, the company said.<\/p>\n

Refresher:<\/strong> Icon first bought a 39% stake in Legacy Hospitality under an agreement inked with the Sovereign Fund of Egypt and the Egyptian General Company for Tourism and Hotels in December<\/a>. The plan was to eventually bring Icon\u2019s stake in Legacy to 51% bringing the transaction\u2019s value to USD 800 mn. TMG sold a 40.5% stake<\/a> in Icon to Abu Dhabi wealth fund ADQ and its subsidiary Adnec Group last month for USD 882.5 mn, helping it secure the remaining funds to up its stake in Legacy. <\/p>\n","protected":false},"excerpt":{"rendered":"

Compass will promote part of the government\u2019s 22% stake in EPP to investors in the Gulf and China<\/p>\n","protected":false},"author":1,"featured_media":615040,"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":[1890,8372,72,8373,81,587,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privatization-watch","tag-echem","tag-egyptian-propylene-and-polypropylene","tag-enterpriseam","tag-icon-investments","tag-privatization-watch","tag-state-privatization-program","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"bebf4249-f687-4e82-9c1e-e0e920fe361a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/921.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels","related_issue":[615032],"teaser":"Compass will promote part of the government\u2019s 22% stake in EPP to investors in the Gulf and China","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.3285f110-09c7-4964-82f1-a97ae39ba027.mp3"},"yoast_head":"\nGov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels - 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\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels\" \/>\n<meta property=\"og:description\" content=\"Compass will promote part of the government\u2019s 22% stake in EPP to investors in the Gulf and China\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.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\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels\",\"datePublished\":\"2024-02-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\"},\"wordCount\":340,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ECHEM\",\"Egyptian Propylene and Polypropylene\",\"EnterpriseAM\",\"Icon Investments\",\"privatization watch\",\"state privatization program\",\"Talaat Moustafa Group\"],\"articleSection\":[\"Privatization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\",\"name\":\"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-02-12T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels\"}]},{\"@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":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels - 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\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels","og_description":"Compass will promote part of the government\u2019s 22% stake in EPP to investors in the Gulf and China","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-02-12T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.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\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels","datePublished":"2024-02-12T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/"},"wordCount":340,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1","keywords":["ECHEM","Egyptian Propylene and Polypropylene","EnterpriseAM","Icon Investments","privatization watch","state privatization program","Talaat Moustafa Group"],"articleSection":["Privatization"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/","name":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1","datePublished":"2024-02-12T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/govt-appoints-compass-capital-to-promote-its-stake-in-epp-tmgs-icon-finalizes-acquisition-of-51-in-legacy-hotels\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Gov\u2019t appoints Compass Capital to promote its stake in EPP + TMG\u2019s Icon finalizes acquisition of 51% in Legacy hotels"}]},{"@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\/2024\/2\/921.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/921.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\/2024\/2\/921.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":586708,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/ni-capital-is-working-on-seven-state-asset-sales\/","url_meta":{"origin":615039,"position":0},"title":"NI Capital is working on seven state asset sales","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Just 9% of Telecom Egypt shares were bought by foreign investors, says Metwally","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\/852.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607442,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/03\/phd-to-expand-palm-hills-october-after-acquiring-new-land-plot-plus-more-chinese-investment\/","url_meta":{"origin":615039,"position":1},"title":"PHD to expand Palm Hills October after acquiring new land plot. PLUS: More Chinese investment?","author":"enterpriseam admin","date":"3 October 2023","format":false,"excerpt":"The real estate developer expects to draw EGP 85 bn in sales proceeds from the plot over a 5-7-year period","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599315,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/egypts-state-owned-sidpec-stake-sale-preparations-underway\/","url_meta":{"origin":615039,"position":2},"title":"Egypt\u2019s state-owned SIDPEC stake sale preparations underway","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Sidpec stake sale preparations underway: Preparations are underway to kickstart the bookbuilding process of a 30% stake sale in Sidi Kerir Petrochemicals (Sidpec) as part of the state privatization program, Al Mal reports, citing sources \u201cclose to the matter.\u201d NI Capital, the state-owned investment bank managing the program, signed contracts\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\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615082,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/","url_meta":{"origin":615039,"position":3},"title":"THIS EVENING: House signs off on EGP 180 bn social protection package","author":"enterpriseam admin","date":"12 February 2024","format":false,"excerpt":"Good afternoon, nice people. It\u2019s a relatively calm day in the local news cycle, but there are plenty of updates in our neighborhood we\u2019re keeping an eye on. THE BIG STORY TODAY MPs greenlight March wage hikes, pension increases, tax breaks: The House of Representatives gave its final seal of\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586365,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/is-adq-about-to-snap-up-a-stake-in-elab\/","url_meta":{"origin":615039,"position":4},"title":"Is ADQ about to snap up a stake in Elab?","author":"enterpriseam admin","date":"10 May 2023","format":false,"excerpt":"Elab could reportedly see a stake sale before the end of May","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\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581386,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/09\/rebooted-privatization-program-to-see-stakes-in-32-companies-sold-to-strategics-public-investors\/","url_meta":{"origin":615039,"position":5},"title":"Rebooted privatization program to see stakes in 32 companies sold to strategics, public investors","author":"enterpriseam admin","date":"9 February 2023","format":false,"excerpt":"The ambitious program will begin during the current quarter","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\/2\/Madbouly-privatizationpresser-8Feb23-1600px.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\/615039","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=615039"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615039\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/615032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/615040"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=615039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=615039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=615039"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=615039"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=615039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}