{"id":632748,"date":"2018-02-19T04:31:03","date_gmt":"2018-02-19T04:31:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/qnb-to-sell-small-stake-in-egyptian-unit-to-comply-with-egx-regs\/"},"modified":"2018-02-19T04:31:03","modified_gmt":"2018-02-19T04:31:03","slug":"qnb-to-sell-small-stake-in-egyptian-unit-to-comply-with-egx-regs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/qnb-to-sell-small-stake-in-egyptian-unit-to-comply-with-egx-regs\/","title":{"rendered":"QNB to sell small stake in Egyptian unit to comply with EGX regs"},"content":{"rendered":"

Qatar National Bank is looking to reduce its stake in its Egyptian unit QNB-Al Ahli to 95% from 97.125% currently<\/strong>, according to a company statement<\/a>. QNB has hired CI Capital to advise on the stake sale. The sale is intended so that QNB-Al Ahli can get in line with EGX regulations, which require shares in free float to not be less than 5%. A QNB spokesman said the bank had no current plans to further reduce its stake following the sale of the 2.125% stake, Reuters reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Qatar National Bank is looking to reduce its stake in its Egyptian unit QNB-Al Ahli to 95% from 97.125% currently, according to a company statement. QNB has hired CI Capital to advise on the stake sale. The sale is intended so that QNB-Al Ahli can get in line with EGX regulations, which require shares 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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632748","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"871940ac-15ad-4b12-b0dd-b634bffc3e34","order":"0","is_powered_by":true,"section_story_id":"194f9b5d-1eea-44f5-9418-68629336aed0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632728],"teaser":"","voice_url":""},"yoast_head":"\nQNB to sell small stake in Egyptian unit to comply with EGX regs - 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\/02\/19\/qnb-to-sell-small-stake-in-egyptian-unit-to-comply-with-egx-regs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QNB to sell small stake in Egyptian unit to comply with EGX regs\" \/>\n<meta property=\"og:description\" content=\"Qatar National Bank is looking to reduce its stake in its Egyptian unit QNB-Al Ahli to 95% from 97.125% currently, according to a company statement. 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The sale, which reduced the bank\u2019s stake to 95% from 97.125%, was necessary for QNB-Al Ahli to comply with new EGX regulations that require at\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":557432,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/qnb-al-ahli-appoints-new-ceo\/","url_meta":{"origin":632748,"position":1},"title":"QNB Al Ahli appoints new CEO","author":"enterpriseam admin","date":"19 September 2021","format":false,"excerpt":"QNB Al-Ahli appointed Mohamed Bedeir (LinkedIn) as CEO, it said in an EGX filing(pdf) on Thursday. Bedeir joins from Bank Audi Egypt, where he served as CEO and managing director for over two years.","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570775,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/14\/earnings-watch-porto-group-and-qnb-al-ahli-report-2019-results\/","url_meta":{"origin":632748,"position":2},"title":"Earnings watch: Porto Group and QNB Al-Ahli report 2019 results","author":"enterpriseam admin","date":"14 April 2020","format":false,"excerpt":"EARNINGS WATCH- Porto Group\u2019s FY2019 profits dropped to EGP 116.9 mn from EGP 133.6 mn the previous year, while revenues were up marginally to EGP 1.7 bn from EGP 1.6 bn, according to the company\u2019s earnings release (pdf). 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