{"id":625456,"date":"2018-08-06T03:50:28","date_gmt":"2018-08-06T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/"},"modified":"2018-08-06T03:50:28","modified_gmt":"2018-08-06T03:50:28","slug":"nib-considers-partial-sale-of-takes-in-five-state-owned-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/","title":{"rendered":"NIB considers partial sale of takes in five state-owned banks"},"content":{"rendered":"

<\/a> NIB considers partial sale of stakes in five state-owned banks: <\/strong>Egypt\u2019s state-owned National Investment Bank (NIB) is considering partially exiting its stake in five banks either through an offering on the EGX or a direct sale to an investor, managing director Mahmoud Montasser tells Al Masdar<\/a><\/u>. The bank is looking to sell some of its shares in Abu Dhabi Islamic Bank, Banque Misr subsidiary Misr Bank-Europe, Misr Iran Development Bank, the Arab Investment Bank, and the Export Development Bank, said Montasser. NIB is discussing the potential divestments with the central bank, with the latter having the final say in the matter, he added. What Montasser was not clear about is whether the stake sale would be part of the state privatization program. None of these banks were included in the list of the program\u2019s 24 companies<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

NIB considers partial sale of stakes in five state-owned banks: Egypt\u2019s state-owned National Investment Bank (NIB) is considering partially exiting its stake in five banks either through an offering on the EGX or a direct sale to an investor, managing director Mahmoud Montasser tells Al Masdar. The bank is looking to sell some of its […]<\/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-625456","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6312f256-cd30-46e3-bb1d-6518e6b196cd","order":"0","is_powered_by":true,"section_story_id":"bfb7cc70-941e-4666-bd8a-56d1ac0408d0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625447],"teaser":"","voice_url":""},"yoast_head":"\nNIB considers partial sale of takes in five state-owned banks - 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\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIB considers partial sale of takes in five state-owned banks\" \/>\n<meta property=\"og:description\" content=\"NIB considers partial sale of stakes in five state-owned banks: Egypt\u2019s state-owned National Investment Bank (NIB) is considering partially exiting its stake in five banks either through an offering on the EGX or a direct sale to an investor, managing director Mahmoud Montasser tells Al Masdar. The bank is looking to sell some of its […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-06T03:50:28+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\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NIB considers partial sale of takes in five state-owned banks\",\"datePublished\":\"2018-08-06T03:50:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\"},\"wordCount\":147,\"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\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\",\"name\":\"NIB considers partial sale of takes in five state-owned banks - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-08-06T03:50:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NIB considers partial sale of takes in five state-owned banks\"}]},{\"@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":"NIB considers partial sale of takes in five state-owned banks - 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\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/","og_locale":"en_US","og_type":"article","og_title":"NIB considers partial sale of takes in five state-owned banks","og_description":"NIB considers partial sale of stakes in five state-owned banks: Egypt\u2019s state-owned National Investment Bank (NIB) is considering partially exiting its stake in five banks either through an offering on the EGX or a direct sale to an investor, managing director Mahmoud Montasser tells Al Masdar. The bank is looking to sell some of its […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-08-06T03:50:28+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"NIB considers partial sale of takes in five state-owned banks","datePublished":"2018-08-06T03:50:28+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/"},"wordCount":147,"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\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/","name":"NIB considers partial sale of takes in five state-owned banks - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-08-06T03:50:28+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nib-considers-partial-sale-of-takes-in-five-state-owned-banks\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"NIB considers partial sale of takes in five state-owned banks"}]},{"@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":568586,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/abu-dhabi-development-holding-to-buy-stakes-in-four-nib-companies\/","url_meta":{"origin":625456,"position":0},"title":"Abu Dhabi Development Holding to buy stakes in four NIB companies","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Abu Dhabi Development Holding to invest in four NIB companies: The Abu Dhabi Development Holding Company (ADDH) and unnamed Emirati investors have agreed to invest in four companies held by the National Investment Bank (NIB), bank CEO Mahmoud Montasser told Masrawy. The investors could buy stakes in the companies or\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637793,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/26\/mahmoud-montasser-appointed-as-new-national-investment-bank-deputy-chairman\/","url_meta":{"origin":625456,"position":1},"title":"Mahmoud Montasser appointed as new National Investment Bank deputy chairman","author":"enterpriseam admin","date":"26 November 2017","format":false,"excerpt":"MOVES- Mahmoud Montasser was tapped as the new deputy chairman and managing director of the National Investment Bank (NIB), succeeding Ahmed El Sayyad, Planning Minister Hala El Said, who is Chairman of NIB tells Al Mal. Montasser, who was previously the deputy chairperson at the National Bank of Egypt, assumes\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592687,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/egypt-taps-deloitte-to-appraise-national-investment-bank-assets-ahead-of-restructuring\/","url_meta":{"origin":625456,"position":2},"title":"Egypt taps Deloitte to appraise National Investment Bank assets ahead of restructuring","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"Deloitte to appraise NIB assets ahead of restructuring: The Madbouly government has contracted Deloitte to value the National Investment Bank\u2019s (NIB) assets as a precursor to a wider restructuring, NIB deputy head Mahmoud Montasser tells Al Mal. The valuation process is set to be complete within three months\u2019 time, according\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574784,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/nbe-banque-misr-scrap-high-interest-savings-certificates\/","url_meta":{"origin":625456,"position":3},"title":"NBE, Banque Misr scrap high-interest savings certificates","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"NBE, Banque Misr scrap high-interest CDs: State-owned National Bank of Egypt (NBE) and Banque Misr have stopped offering 15% fixed-rate savings certificates launched in mid-March, the institutions told the local press (here and here). The banks started selling the high-interest certificates in March to protect savers and ease pressure on\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\/9\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611676,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/11\/national-investment-bank-wants-to-sell-down-stake-in-misr-cement-qena\/","url_meta":{"origin":625456,"position":4},"title":"National Investment Bank wants to sell down stake in Misr Cement Qena","author":"enterpriseam admin","date":"11 December 2023","format":false,"excerpt":"Misr Cement denied knowledge of the report","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\/12\/702.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568763,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/03\/mashreq-bank-considers-purchasing-majority-stake-in-arab-investment-bank\/","url_meta":{"origin":625456,"position":5},"title":"Mashreq Bank considers purchasing majority stake in Arab Investment Bank","author":"enterpriseam admin","date":"3 February 2020","format":false,"excerpt":"M&A WATCH- The UAE\u2019s Mashreq Bank is considering acquiring a controlling stake in Egypt\u2019s Arab Investment Bank (AIB), sources familiar with the matter told Al Shorouk. The bank is currently 91.4% held by the National Investment Bank (NIB), with the government holding the remaining 8.58%. NIB recently held talks with\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\/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\/625456","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=625456"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625456\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625447"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625456"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625456"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}