{"id":622467,"date":"2018-10-02T04:15:03","date_gmt":"2018-10-02T04:15:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/"},"modified":"2018-10-02T04:15:03","modified_gmt":"2018-10-02T04:15:03","slug":"ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/","title":{"rendered":"Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today"},"content":{"rendered":"<p><strong>Much ado about nothing: Ibnsina Pharma co-CEO Omar Abdel Gawad is at his desk today. <\/strong>That\u2019s the take-home message from the EGX-listed pharma distributor after news reports yesterday reporting that a senior manager of Ibnsina Pharma had been detained in connection with an ongoing antitrust case before the Cairo Economic Court, the verdict of which the company is appealing. The media report <a href=\"https:\/\/www.mubasher.info\/news\/3348194\/%D8%A7%D9%84%D8%B9%D9%86%D9%88%D8%A7%D9%86-%D8%A7%D8%A8%D9%86-%D8%B3%D9%8A%D9%86%D8%A7-%D9%81%D8%A7%D8%B1%D9%85%D8%A7-ISPH-CA-%D8%A5%D9%8A%D9%82%D8%A7%D9%81-%D8%AA%D8%B9%D8%A7%D9%85%D9%84%D8%A7%D8%B3%D9%85-%D8%A7%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D8%A8%D9%86-%D8%B3%D9%8A%D9%86%D8%A7-%D9%81%D8%A7%D8%B1%D9%85%D8%A7%D9%83%D9%88%D8%AF-%D8%A7%D9%84%D8%AA%D8%B1%D9%82%D9%8A%D9%85-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-EGS512O1C012%D9%83%D9%88%D8%AF-%D8%B1%D9%88%D9%8A%D8%AA%D8%B1%D8%B2-ISPH-CA%D9%85%D8%B6%D9%85%D9%88?currentUserCountryCode=--\">prompted the EGX to suspend trading<\/a> of Ibnsina shares for a time yesterday.<\/p>\n<p><strong>We spoke with Omar last night as he was driving back to his office after a (very) long day. <\/strong>He told us what the company told the EGX in a <a href=\"https:\/\/ent.news\/2018\/10\/1564.pdf\">disclosure (pdf)<\/a>: That he had been required to appear briefly before the administrative authorities responsible for implementing the verdict as part of a routine administrative procedure related to the company\u2019s appeal. Some 13 executives from Ibnsina and competitors including United Co. for Pharmacists, Ramco Pharm, and Multipharma were hit with fines totaling EGP 5.6 bn back in March. All are accused of colluding to cut credit periods and slash discounts to small and medium sized pharmacies. The next hearing of Ibnsina\u2019s appeal will take place on 19 November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Much ado about nothing: Ibnsina Pharma co-CEO Omar Abdel Gawad is at his desk today. That\u2019s the take-home message from the EGX-listed pharma distributor after news reports yesterday reporting that a senior manager of Ibnsina Pharma had been detained in connection with an ongoing antitrust case before the Cairo Economic Court, the verdict of which [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622467","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"deaf2e03-8065-4a5f-ae2e-0e83c4fbfbb3","order":"0","is_powered_by":true,"section_story_id":"95af63c0-86fd-47d9-8f0f-c40547f0ec2f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622458],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today - 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\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today\" \/>\n<meta property=\"og:description\" content=\"Much ado about nothing: Ibnsina Pharma co-CEO Omar Abdel Gawad is at his desk today. That\u2019s the take-home message from the EGX-listed pharma distributor after news reports yesterday reporting that a senior manager of Ibnsina Pharma had been detained in connection with an ongoing antitrust case before the Cairo Economic Court, the verdict of which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-02T04:15:03+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today\",\"datePublished\":\"2018-10-02T04:15:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/\",\"name\":\"Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today - 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The newly inked agreement lends further credence to the argument \u201cthat exclusivity is dying in the pharma market,\u201d Ibnsina Co-CEO Omar Abdel\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631605,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/22\/ibnsina-pharma-targets-26-market-share-by-investing-egp-150-200-mn-in-five-years\/","url_meta":{"origin":622467,"position":1},"title":"Ibnsina Pharma targets 26% market share by investing EGP 150-200 mn in five years","author":"enterpriseam admin","date":"22 March 2018","format":false,"excerpt":"INVESTMENT WATCH- Ibnsina Pharma is looking to invest EGP 150-200 mn over the next five years to increase its market share to 26% from a current 19.3%, Managing Director Omar Abdel Gawad tells Al Mal. The new funds would bring the company\u2019s total investments to EGP 700 mn, a target\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621556,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypts-ibnsina-pharma-sarwa-capital-report-results\/","url_meta":{"origin":622467,"position":2},"title":"Egypt\u2019s Ibnsina Pharma, Sarwa Capital report results","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma reported a 26.6% y-o-y increase in net profit to EGP 113.2 mn in 3Q2018, according to the company\u2019s earnings release (pdf). Revenues grew 31.9% y-o-y during the quarter, coming in at nearly EGP 3.5 bn, with growth being driven by client pharmacies, the company said. \u201cManagement\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555254,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/ibnsinas-investment-arm-to-pour-egp-440-mn-into-logistics-firm\/","url_meta":{"origin":622467,"position":3},"title":"Ibnsina\u2019s investment arm to pour EGP 440 mn into logistics firm","author":"enterpriseam admin","date":"8 November 2021","format":false,"excerpt":"EGX-listed Ibnsina Pharma\u2019s investment arm AIM is investing EGP 440 mn to establish a logistics service provider, Ramp Logistics, according to an EGX disclosure (pdf). The third-party logistics business is set to provide warehousing and transport services, and will be 99% owned by AIM.Ramp Logistics is planning both sector and\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/359.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594775,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/shareholders-sell-8-4-stake-in-egypts-ibnsina-pharma\/","url_meta":{"origin":622467,"position":4},"title":"Shareholders sell 8.4% stake in Egypt\u2019s Ibnsina Pharma","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"Shareholders sell 8.4% stake in Ibnsina: Shareholders have sold 8.4% of their shares in Ibnsina Pharma, amounting to around 69.1 mn shares, at EGP 9.7-10.22 per share, according to an emailed statement from EFG Hermes (pdf). Among the sellers was the European Bank for Reconstruction and Development (EBRD), which reduced\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/07\/earnings-watch-ibnsina-pharma\/","url_meta":{"origin":622467,"position":5},"title":"Earnings watch: Ibnsina Pharma","author":"enterpriseam admin","date":"7 August 2019","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma\u2019s 2Q2019 profits surge 26% y-o-y: Ibnsina Pharma reported a 26% y-o-y increase in consolidated net profits to EGP 60.5 mn in 2Q2019, up from EGP 48 mn last year, the company said in a statement (pdf). Revenues rose 24% y-o-y to EGP 3.9 bn. The company\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622467","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=622467"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622467\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622458"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622467"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622467"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}