{"id":637193,"date":"2017-11-09T04:04:27","date_gmt":"2017-11-09T04:04:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/"},"modified":"2017-11-09T04:04:27","modified_gmt":"2017-11-09T04:04:27","slug":"al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/","title":{"rendered":"Al Ahly to convert 50% of their AMOC stake to GDRs"},"content":{"rendered":"

Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa<\/a>. Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months<\/a>. AMOC has already been in talks with the Bank of New York Mellon this year about their GDR issuance<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa. Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months. AMOC has already been in talks […]<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637193","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c34c9ef6-76e8-46ee-9765-3e72e058a15d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637159],"teaser":"","voice_url":""},"yoast_head":"\nAl Ahly to convert 50% of their AMOC stake to GDRs - 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\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Ahly to convert 50% of their AMOC stake to GDRs\" \/>\n<meta property=\"og:description\" content=\"Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa. Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months. AMOC has already been in talks […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-09T04:04:27+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\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Ahly to convert 50% of their AMOC stake to GDRs\",\"datePublished\":\"2017-11-09T04:04:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\",\"name\":\"Al Ahly to convert 50% of their AMOC stake to GDRs - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-09T04:04:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Al Ahly to convert 50% of their AMOC stake to GDRs\"}]},{\"@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":"Al Ahly to convert 50% of their AMOC stake to GDRs - 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\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/","og_locale":"en_US","og_type":"article","og_title":"Al Ahly to convert 50% of their AMOC stake to GDRs","og_description":"Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa. 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It had previously been reported that Al Ahly will convert 39.5% of their\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":642674,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/al-ahly-capital-to-convert-39-5-of-its-shares-in-amoc-to-gdrs-on-lse\/","url_meta":{"origin":637193,"position":1},"title":"Al Ahly Capital to convert 39.5% of its shares in AMOC to GDRs on LSE","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"Al Ahly Capital is converting 39.5% of its shares in state-owned Alexandria Mineral Oils Company (AMOC) \u2014 the equivalent of 10% of the company \u2014 to global depository receipts (GDR) on the London Stock Exchange in early 2018, Managing Director Khaled Badawi says, according to Al Mal. Al Ahly Capital\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":643110,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/amoc-studying-investing-usd-500-mn-on-fuel-oil-refining-complex\/","url_meta":{"origin":637193,"position":2},"title":"AMOC studying investing USD 500 mn on fuel oil refining complex","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"INVESTMENT WATCH- State-owned Alexandria Mineral Oils Company (AMOC) is considering spending USD 500 mn on a fuel oil refining project, chairman Amr Mostafa tells Al Mal. Technical studies are being drafted and are expected to be completed before year-end. The company is also issuing a tender for the development of\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":651207,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/amoc-to-issue-gdrs\/","url_meta":{"origin":637193,"position":3},"title":"AMOC to issue GDRs","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"The Alexandria Mineral Oils Company (AMOC) board has approved converting 10% of the company\u2019s shares into GDRs, Al Mal reported. We had earlier reported that the company could be offering an additional 10-20% of its shares in 2017, having originally floated 20% of its shares in 2014.","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":624174,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/02\/efg-to-submit-offer-for-managing-eastern-co-amoc-stake-sales-today\/","url_meta":{"origin":637193,"position":4},"title":"EFG to submit offer for managing Eastern Co, AMOC stake sales today","author":"enterpriseam admin","date":"2 September 2018","format":false,"excerpt":"EFG bidding today for Eastern Co, AMOC stake sales today: EFG Hermes will reportedly submit today its bid to manage the sale of stakes of already-listed companies that are piloting the state\u2019s privatization program, EFG\u2019s Investment Banking Co-Head Moustafa Gad tells Youm7.Background: EFG is among other several investment banks invited\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":578317,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/22\/amoc-and-pachin-leave-the-lse\/","url_meta":{"origin":637193,"position":5},"title":"AMOC and Pachin leave the LSE","author":"enterpriseam admin","date":"22 December 2022","format":false,"excerpt":"AMOC + Pachin delist from LSE: EGX-listed Alexandria Mineral Oils Company (AMOC) and Paint and Chemical Industries (Pachin) have each decided to delist their global depository receipts (GDRs) from the London Stock Exchange, citing poor performance, according to individual disclosures to the EGX (here and here \u2014 pdfs). AMOC says\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/486.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637193","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=637193"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637193\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637159"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637193"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637193"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}