{"id":637939,"date":"2017-11-29T04:04:11","date_gmt":"2017-11-29T04:04:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/"},"modified":"2017-11-29T04:04:11","modified_gmt":"2017-11-29T04:04:11","slug":"mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/","title":{"rendered":"Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018"},"content":{"rendered":"<p><strong>INVESTMENT WATCH- Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion <\/strong><strong>during 2018:<\/strong> Private transport company Mowasalat Misr is investing EGP 1 bn in Egypt in 2018 to support its planned expansions, sources familiar with the matter <a href=\"http:\/\/almalnews.com\/Story\/354719\/58\/%D9%85%D9%88%D8%A7%D8%B5%D9%84%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B6%D8%AE-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%A8%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D9%85%D8%AD%D9%84%D9%8A%D8%A9\">tell Al Mal<\/a>. Mowasalat, a 70%-owned subsidiary of the Emirates National Group, is planning to secure EGP 500 mn via loans from the Emirates NBD and Abu Dhabi Islamic Bank. The company is also planning to raise EGP 32 mn in capital through its shareholders to bring its total capital up to EGP 500 mn. Mowasalat had <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/20\/mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding\/\">announced in July<\/a> that it was planning to bring 500 buses into its fleet over the next two years to cover the Greater Cairo area after it launched AC- and WiFi-equipped buses in the capital over the summer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018: Private transport company Mowasalat Misr is investing EGP 1 bn in Egypt in 2018 to support its planned expansions, sources familiar with the matter tell Al Mal. Mowasalat, a 70%-owned subsidiary of the Emirates National Group, is planning to [&hellip;]<\/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-637939","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d869ccb7-8d65-4f4b-9d46-c1db8547d279","order":"0","is_powered_by":true,"section_story_id":"6c765b25-9e78-4582-9fd0-962d40b435a6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637922],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018 - 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\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018: Private transport company Mowasalat Misr is investing EGP 1 bn in Egypt in 2018 to support its planned expansions, sources familiar with the matter tell Al Mal. Mowasalat, a 70%-owned subsidiary of the Emirates National Group, is planning to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-29T04:04:11+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018\",\"datePublished\":\"2017-11-29T04:04:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\"},\"wordCount\":139,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/\",\"name\":\"Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018 - 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Mowasalat successfully completed a capital increase to EGP 150 mn this month and intends to increase that to EGP 250 mn before the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":624760,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/mowasalat-misr-plans-ipo-in-late-2019-or-early-2020\/","url_meta":{"origin":637939,"position":1},"title":"Mowasalat Misr plans IPO in late 2019 or early 2020","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"EXCLUSIVE- Mowasalat Misr plans IPO in late 2019 or early 2020: Private transport company Mowasalat Misr plans to list shares in the EGX either in 4Q2019 or early 2020, a company source told Enterprise. Prior to the IPO, the Emirates National Group subsidiary plans to raise EGP 244 mn through\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":645494,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding\/","url_meta":{"origin":637939,"position":2},"title":"Mowasalat Misr acquires two transport companies, in talks with banks for funding","author":"enterpriseam admin","date":"20 July 2017","format":false,"excerpt":"Private transport company Mowasalat Misr recently acquired Al Hiba and Cairo Transport and is currently in talks to acquire a third company, Al Borsa reports. Many of the total 150 buses acquired through both companies were sold off while others are being renovated, Mowasalat Misr CEO Hisham Taha says. The\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592036,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/24\/mowasalat-misr-to-launch-a-ride-hailing-company-smart-transport-system-between-governorates\/","url_meta":{"origin":637939,"position":3},"title":"Mowasalat Misr to launch a ride-hailing company, smart transport system between governorates","author":"enterpriseam admin","date":"24 December 2019","format":false,"excerpt":"State-owned public transportation company Mowasalat Misr will launch a ride-hailing company to operate smart microbuses in Cairo by 2Q2020, CEO of Mowasalat Misr Hesham Taha said, according to Al Mal. The ticket price for one trip will not exceed EGP 25, Taha added. Mowasalat Misr will also be launching a\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645369,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/mcv-supplying-mowasalat-misr-with-100-buses\/","url_meta":{"origin":637939,"position":4},"title":"MCV supplying Mowasalat Misr with 100 buses","author":"enterpriseam admin","date":"18 July 2017","format":false,"excerpt":"MCV is supplying private transport company Mowasalat Misr with 100 buses, 16 of which have already been delivered, MCV General Manager Amr Nassar told Al Mal. No details were provided on the value of the sale.","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555455,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/is-mowasalat-misr-fielding-an-acquisition-offer\/","url_meta":{"origin":637939,"position":5},"title":"Is Mowasalat Misr fielding an acquisition offer?","author":"enterpriseam admin","date":"15 November 2021","format":false,"excerpt":"FACT CHECK- Is Mowasalat Misr fielding an acquisition offer? A report in AlBorsa yesterday claimed that public transport company Mowasalat Misr has received an offer from an unnamed European transport player to acquire a stake in the company. This is not true and the company is not currently considering offering\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"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\/637939","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=637939"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/637939\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/637922"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=637939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=637939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=637939"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=637939"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=637939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}