{"id":621765,"date":"2018-11-18T04:16:57","date_gmt":"2018-11-18T04:16:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/"},"modified":"2018-11-18T04:16:57","modified_gmt":"2018-11-18T04:16:57","slug":"united-bank-looks-to-exit-three-companies-by-start-of-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/","title":{"rendered":"United Bank looks to exit three companies by start of 2019"},"content":{"rendered":"

The United Bank of Egypt is looking to exit three companies by January 2019, sources said<\/a> on Saturday, as the bank looks to restructure its investment portfolio. United Bank is looking to sell its shares in El Amal for Paints company, El Nasr for Castings, and El Nile Development. The divestments are valued at a total of EGP 350 mn. The bank also plans to invest in an e-payment company, the sources said, without providing further details.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the bank looks to restructure its investment portfolio. United Bank is looking to sell its shares in El Amal for Paints company, El Nasr for Castings, and El Nile Development. The divestments are valued at a […]<\/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":[9298],"tags":[204,2372,72,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621765","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"7c44f415-38b7-45bb-bc5f-abceca5d910b","order":"0","is_powered_by":true,"section_story_id":"41c4311e-6ae1-42d3-990c-03c29504efc4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621730],"teaser":"","voice_url":""},"yoast_head":"\nUnited Bank looks to exit three companies by start of 2019 - 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\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"United Bank looks to exit three companies by start of 2019\" \/>\n<meta property=\"og:description\" content=\"The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the bank looks to restructure its investment portfolio. United Bank is looking to sell its shares in El Amal for Paints company, El Nasr for Castings, and El Nile Development. The divestments are valued at a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-18T04:16:57+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\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"United Bank looks to exit three companies by start of 2019\",\"datePublished\":\"2018-11-18T04:16:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\"},\"wordCount\":85,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"investment watch\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\",\"name\":\"United Bank looks to exit three companies by start of 2019 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-11-18T04:16:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"United Bank looks to exit three companies by start of 2019\"}]},{\"@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":"United Bank looks to exit three companies by start of 2019 - 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\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/","og_locale":"en_US","og_type":"article","og_title":"United Bank looks to exit three companies by start of 2019","og_description":"The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the bank looks to restructure its investment portfolio. United Bank is looking to sell its shares in El Amal for Paints company, El Nasr for Castings, and El Nile Development. The divestments are valued at a […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-11-18T04:16:57+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"United Bank looks to exit three companies by start of 2019","datePublished":"2018-11-18T04:16:57+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/"},"wordCount":85,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["banking","BANKING + FINANCE","EnterpriseAM","investment watch"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/","name":"United Bank looks to exit three companies by start of 2019 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-11-18T04:16:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/united-bank-looks-to-exit-three-companies-by-start-of-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"United Bank looks to exit three companies by start of 2019"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":595341,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/","url_meta":{"origin":621765,"position":0},"title":"NBE to arrange joint EGP 1 bn loan for SECON","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON), banking sources told Al Shorouk without naming the other parties involved. The company, formerly known as the Saudi Egyptian Construction Company, will use the loan to fund\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560469,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/01\/united-bank-likes-the-digital-banking-space\/","url_meta":{"origin":621765,"position":1},"title":"United Bank likes the digital banking space","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"United Bank is looking to acquire a controlling stake in an unnamed e-payments company, and is currently in negotiations over the potential transaction, Chairman and Managing Director Ashraf El Kady told Al Mal. The bank has completed due diligence on the firm, and will announce the transaction before the end\u2026","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\/2021\/3\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568973,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/is-ahli-united-bank-looking-to-sell-its-egypt-unit\/","url_meta":{"origin":621765,"position":2},"title":"Is Ahli United Bank looking to sell its Egypt unit?","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell its Egypt arm after its recent acquisition by Kuwait Finance House (KFH), the local press reported, citing unnamed sources. The Kuwaiti bank is required to obtain a separate Islamic banking\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\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598563,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/industrial-development-bank-to-contribute-usd-10-mn-to-el-canal-sugars-loan\/","url_meta":{"origin":621765,"position":3},"title":"Industrial Development Bank to contribute USD 10 mn to El Canal Sugar\u2019s loan","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"The Industrial Development Bank is providing USD 10 mn in a syndicated loan for El Canal Sugar Company, a bank official told Masrawy. The loan is divided into a EGP 1.2 bn tranche and another USD 100 mn tranche. The additional funding will be used to finance the establishment of\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566619,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/leasing-provider-globalcorps-owners-seeking-an-exit\/","url_meta":{"origin":621765,"position":4},"title":"Leasing provider GlobalCorp\u2019s owners seeking an exit","author":"enterpriseam admin","date":"4 July 2021","format":false,"excerpt":"Europe-based investors are looking to snap up 90% of leasing and non-banking financial services company GlobalCorp, according to a report by Al Mal quoting sources it says are in the know. Due diligence is currently underway, with more details due to be unveiled \u201csoon,\u201d the sources said without pinning down\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581535,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/15\/privatization-update-united-bank-helwan-fertilizers-pachin\/","url_meta":{"origin":621765,"position":5},"title":"Privatization update: United Bank, Helwan Fertilizers, Pachin","author":"enterpriseam admin","date":"15 February 2023","format":false,"excerpt":"Two Saudi banks have United Bank on their radar","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\/2019\/6\/market-bw-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\/621765","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=621765"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621765\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621730"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621765"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621765"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}