{"id":637482,"date":"2017-11-16T03:59:27","date_gmt":"2017-11-16T03:59:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/"},"modified":"2017-11-16T03:59:27","modified_gmt":"2017-11-16T03:59:27","slug":"orange-egypt-looking-to-convert-parent-company-loan-to-equity","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","title":{"rendered":"Orange Egypt looking to convert parent company loan to equity"},"content":{"rendered":"

Orange Egypt said it is working closely with the EGX and the Financial Regulatory Authority (FRA) to complete a capital increases through converting a EUR 750 mn loan from its parent company to capital, according to a bourse disclosure<\/a>. The company\u2019s EGM will meet on 4 December to approve the move. The company says it aims to expand its shareholder base and abide by bourse listing regulations regarding the minimum number of shares that need to be in free float.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange Egypt said it is working closely with the EGX and the Financial Regulatory Authority (FRA) to complete a capital increases through converting a EUR 750 mn loan from its parent company to capital, according to a bourse disclosure. The company\u2019s EGM will meet on 4 December to approve the move. The company says it […]<\/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":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637482","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"3090182d-82e9-4536-af82-5921daee2699","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637449],"teaser":"","voice_url":""},"yoast_head":"\nOrange Egypt looking to convert parent company loan to equity - 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\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange Egypt looking to convert parent company loan to equity\" \/>\n<meta property=\"og:description\" content=\"Orange Egypt said it is working closely with the EGX and the Financial Regulatory Authority (FRA) to complete a capital increases through converting a EUR 750 mn loan from its parent company to capital, according to a bourse disclosure. The company\u2019s EGM will meet on 4 December to approve the move. The company says it […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-16T03:59:27+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\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Orange Egypt looking to convert parent company loan to equity\",\"datePublished\":\"2017-11-16T03:59:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\"},\"wordCount\":89,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Telecoms + ICT\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\",\"name\":\"Orange Egypt looking to convert parent company loan to equity - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-11-16T03:59:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Orange Egypt looking to convert parent company loan to equity\"}]},{\"@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":"Orange Egypt looking to convert parent company loan to equity - 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\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","og_locale":"en_US","og_type":"article","og_title":"Orange Egypt looking to convert parent company loan to equity","og_description":"Orange Egypt said it is working closely with the EGX and the Financial Regulatory Authority (FRA) to complete a capital increases through converting a EUR 750 mn loan from its parent company to capital, according to a bourse disclosure. The company\u2019s EGM will meet on 4 December to approve the move. The company says it […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-11-16T03:59:27+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Orange Egypt looking to convert parent company loan to equity","datePublished":"2017-11-16T03:59:27+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/"},"wordCount":89,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Telecoms + ICT"],"articleSection":["Telecoms + ICT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/","name":"Orange Egypt looking to convert parent company loan to equity - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-11-16T03:59:27+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/16\/orange-egypt-looking-to-convert-parent-company-loan-to-equity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Orange Egypt looking to convert parent company loan to equity"}]},{"@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":634265,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/orange-to-buy-back-its-shares-if-its-capital-increase-does-not-meet-egx-requirements\/","url_meta":{"origin":637482,"position":0},"title":"Orange to buy back its shares if its capital increase does not meet EGX requirements","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"Orange Egypt will buy up its own shares at fair value if its capital increase does not meet EGX requirements and the bourse forces it to delist, the company said in a statement to the bourse. The company is still studying its planned additional share issuance to ensure its compliance\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635492,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/orange-egypts-egm-approves-capital-increase-to-egp-16-4-bn\/","url_meta":{"origin":637482,"position":1},"title":"Orange Egypt\u2019s EGM approves capital increase to EGP 16.4 bn","author":"enterpriseam admin","date":"5 December 2017","format":false,"excerpt":"Orange Egypt\u2019s general assembly approved a capital increase yesterday to EGP 16.4 bn from EGP 1 bn through the issuance of new shares, according to a bourse filing (pdf). The company\u2019s board had signed off on the move early last month.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637754,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/23\/orange-to-pay-te-egp-72-mn-to-settle-connectivity-and-infrastructure-dispute\/","url_meta":{"origin":637482,"position":2},"title":"Orange to pay TE EGP 72 mn to settle connectivity and infrastructure dispute","author":"enterpriseam admin","date":"23 November 2017","format":false,"excerpt":"The board of Orange Egypt has approved a settlement agreement with Telecom Egypt (TE), according to a bourse statement. Orange will pay TE c. EGP 72 mn to resolve a dispute over local and international connectivity and infrastructure services. The Government Accountability Office had flagged issues relating to TE\u2019s inadequate\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623088,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/te-signs-usd-500-mn-syndicated-loan\/","url_meta":{"origin":637482,"position":3},"title":"TE signs USD 500 mn syndicated loan","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Telecom Egypt has signed for a USD 500 mn medium-term syndicated loan, which will be used to support its capital and operational expenditure, and refinance an existing short-term facility, the company said in a statement on Thursday (pdf). First Abu Dhabi Bank and Mashreq Bank were mandated as Joint Bookrunners\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635697,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/11\/gth-extends-usd-200-mn-loan-agreement\/","url_meta":{"origin":637482,"position":4},"title":"GTH extends USD 200 mn loan agreement","author":"enterpriseam admin","date":"11 December 2017","format":false,"excerpt":"Global Telecom Holding announced entering into an amendment agreement for a USD 200 mn unsecured short-term loan agreement with Citi and ING Bank, according to a company statement.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645014,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/10\/atef-helmy-resigns-as-orange-egypt-chairman\/","url_meta":{"origin":637482,"position":5},"title":"Atef Helmy resigns as Orange Egypt chairman","author":"enterpriseam admin","date":"10 July 2017","format":false,"excerpt":"MOVES- Shake up at Orange Egypt: Orange Egypt Chairman Atef Helmy\u2019s has resigned from his position, according to a bourse statement by the company\u2019s board. The board appointed Bruno Mettling, who had previously served as Vice Chairman, as Helmy\u2019s successor. No explanation was given as to the sudden departure 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637482","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=637482"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637482\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637449"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637482"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637482"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}