{"id":634820,"date":"2018-01-24T04:19:11","date_gmt":"2018-01-24T04:19:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/24\/odh-to-complete-exit-of-tamweel-in-1q2018\/"},"modified":"2018-01-24T04:19:11","modified_gmt":"2018-01-24T04:19:11","slug":"odh-to-complete-exit-of-tamweel-in-1q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/24\/odh-to-complete-exit-of-tamweel-in-1q2018\/","title":{"rendered":"ODH to complete exit of Tamweel in 1Q2018"},"content":{"rendered":"

Orascom Development Holdings (ODH) plans to complete the sale of its 87% stake in Tamweel Financial Holding in 1Q2018, the company\u2019s IR Director Sara El Gawahergy tells Al Borsa<\/a>. ODH plans to use the proceeds of the sale to help lighten its EGP 1 bn debt burden. No word yet on which of the four offers on the table for the acquisition ODH is leaning towards or the details of those offers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Development Holdings (ODH) plans to complete the sale of its 87% stake in Tamweel Financial Holding in 1Q2018, the company\u2019s IR Director Sara El Gawahergy tells Al Borsa. ODH plans to use the proceeds of the sale to help lighten its EGP 1 bn debt burden. No word yet on which of the four […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634820","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"f2065752-a406-464c-b3fa-8901fe56de2e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"ODH to complete exit of Tamweel in 1Q2018","related_issue":[634789],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ef954d2b-dbff-4a50-9940-8b6152b572a9.mp3"},"yoast_head":"\nODH to complete exit of Tamweel in 1Q2018 - 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\/01\/24\/odh-to-complete-exit-of-tamweel-in-1q2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ODH to complete exit of Tamweel in 1Q2018\" \/>\n<meta property=\"og:description\" content=\"Orascom Development Holdings (ODH) plans to complete the sale of its 87% stake in Tamweel Financial Holding in 1Q2018, the company\u2019s IR Director Sara El Gawahergy tells Al Borsa. ODH plans to use the proceeds of the sale to help lighten its EGP 1 bn debt burden. 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She did not name any of the would-be acquirers, but said three of the four bids were from local investors and the fourth\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":599092,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/ebtikar-led-consortium-completes-acquisition-of-odhs-87-stake-in-tamweel-group\/","url_meta":{"origin":634820,"position":1},"title":"Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"M&A WATCH- Ebtikar-led consortium completes acquisition of ODH\u2019s 87% stake in Tamweel Group: A consortium of funds including B Investments\u2019 Ebtikar for Financial Investment, TCV1, and Acquire for Investment has completed its acquisition of Orascom Development Egypt (ODH)\u2019s 87% stake in Tamweel Group, Ebtikar said in a statement (pdf). 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B Investments\u2019 Ebtikar for Financial\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":650986,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/01\/odh-delisting-not-subject-to-swiss-takeover-law\/","url_meta":{"origin":634820,"position":4},"title":"ODH delisting not subject to Swiss takeover law","author":"enterpriseam admin","date":"1 February 2017","format":false,"excerpt":"Orascom Development Holding (ODH)\u2019s voluntary delisting of all its Egyptian Depository Receipts on the EGX are not subject to Swiss takeover law, the Swiss Takeover Board ruled, according to ODH. ODH\u2019s board had approved a voluntary delisting of its EDRs and the execution is pending the approval of an EGM.\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634765,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/23\/odh-considering-north-coast-project\/","url_meta":{"origin":634820,"position":5},"title":"ODH considering North Coast project","author":"enterpriseam admin","date":"23 January 2018","format":false,"excerpt":"Orascom Development Holding (ODH) is assesing two land plots on the North Coast to acquire one of them for a coastal development project, IR Director Sara El Gawahergy tells Al Mal. 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