{"id":621469,"date":"2018-11-08T04:04:50","date_gmt":"2018-11-08T04:04:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/"},"modified":"2018-11-08T04:04:50","modified_gmt":"2018-11-08T04:04:50","slug":"qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/","title":{"rendered":"Qalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019"},"content":{"rendered":"

\u00a0Qalaa Holdings has signed an MoU to sell its stake in Algerian cement company Zahana to Algeria\u2019s state-owned Groupe Industriel des Ciments (GICA), according to an EGX disclosure (pdf)<\/a>. The transaction should be complete in 1H2019, Qalaa said. Qalaa had announced plans to exit Zahana last September<\/a> as part of its bid to divest in impaired assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Qalaa Holdings has signed an MoU to sell its stake in Algerian cement company Zahana to Algeria\u2019s state-owned Groupe Industriel des Ciments (GICA), according to an EGX disclosure (pdf). The transaction should be complete in 1H2019, Qalaa said. Qalaa had announced plans to exit Zahana last September as part of its bid to divest in […]<\/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":[9315],"tags":[130,72,7128,131,2390,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621469","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-construction","tag-enterpriseam","tag-ma-watch","tag-manufacturing","tag-other-business-news-of-note","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"70cc163a-2add-4c80-afe8-1782d74b5c36","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Qalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019","related_issue":[621440],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.3631ec5f-22cb-4eaf-95bd-9b734f7c8189.mp3"},"yoast_head":"\nQalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019 - 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\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019\" \/>\n<meta property=\"og:description\" content=\"\u00a0Qalaa Holdings has signed an MoU to sell its stake in Algerian cement company Zahana to Algeria\u2019s state-owned Groupe Industriel des Ciments (GICA), according to an EGX disclosure (pdf). The transaction should be complete in 1H2019, Qalaa said. Qalaa had announced plans to exit Zahana last September as part of its bid to divest in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-08T04:04:50+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\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Qalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019\",\"datePublished\":\"2018-11-08T04:04:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\"},\"wordCount\":71,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"construction\",\"EnterpriseAM\",\"M&A Watch\",\"Manufacturing\",\"Other Business News of Note\",\"Qalaa Holdings\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/08\/qalaa-to-sell-its-stake-in-zahana-to-algerias-ciga-by-1q2019\/\",\"name\":\"Qalaa to sell its stake in Zahana to Algeria\u2019s CIGA by 1Q2019 - 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The refinery is now 98% complete and is expected to be a major driver of revenue expansion starting next year. 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