{"id":627270,"date":"2018-07-26T04:21:13","date_gmt":"2018-07-26T04:21:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/"},"modified":"2018-07-26T04:21:13","modified_gmt":"2018-07-26T04:21:13","slug":"mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/","title":{"rendered":"MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn"},"content":{"rendered":"

Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group\u2019s Al Canal Sugar refinery, company sources told Al Mal yesterday<\/a><\/u>. The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in the project<\/a><\/u> through its EGP 1.5 bn investment, for which the National Bank of Egypt is said to be arranging a USD 1 bn syndicated loan<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group\u2019s Al Canal Sugar refinery, company sources told Al Mal yesterday. The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in the project through its EGP […]<\/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":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627270","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"7a048452-c119-45e8-bf81-43a4a139e602","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn","related_issue":[627236],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.87ab568e-da4c-4dab-8fc2-715ebdb1c297.mp3"},"yoast_head":"\nMAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn - 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\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn\" \/>\n<meta property=\"og:description\" content=\"Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group\u2019s Al Canal Sugar refinery, company sources told Al Mal yesterday. The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in the project through its EGP […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-26T04:21:13+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\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn\",\"datePublished\":\"2018-07-26T04:21:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/mam-to-buy-stake-in-al-canal-sugar-from-al-ahly-capital-for-egp-100-mn\/\",\"name\":\"MAM to buy stake in Al Canal Sugar from Al Ahly Capital for EGP 100 mn - 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The syndicated facility was provided by the National Bank of Egypt, QNB Al Ahli, Bank of Alexandria, Industrial Development Bank, The\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":596798,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/al-ahly-capital-in-talks-for-usd-350-mn-loan-for-al-canal-factory-in-minya\/","url_meta":{"origin":627270,"position":4},"title":"Al Ahly Capital in talks for USD 350 mn loan for Al Canal factory in Minya","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"Al Ahly Capital has been in talks with international organizations for a USD 350 mn loan to be used for the USD 1 bn Al Canal sugar beet processing factory in Minya, banking sources told Al Shorouk. UAE\u2019s Al Ghurair and Murban signed in December a shareholder agreement with Al\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":629367,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/29\/al-ahly-capital-completes-acquisition-of-nbes-livestock-company\/","url_meta":{"origin":627270,"position":5},"title":"Al Ahly Capital completes acquisition of NBE\u2019s livestock company","author":"enterpriseam admin","date":"29 May 2018","format":false,"excerpt":"M&A WATCH- Arqaam Securities Brokerage completed Al Ahly Capital\u2019s EGP 744 mn acquisition of 100% of the International Company for Livestock from its corporate parent, the National Bank of Egypt, according to Mubasher. 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