{"id":641467,"date":"2017-09-24T04:10:50","date_gmt":"2017-09-24T04:10:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/"},"modified":"2017-09-24T04:10:50","modified_gmt":"2017-09-24T04:10:50","slug":"al-ahli-to-sell-stake-in-egyptian-resorts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/","title":{"rendered":"Al Ahli to sell stake in Egyptian Resorts"},"content":{"rendered":"

Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according to AMAY<\/a>. CEO Khaled Badawi said a preliminary agreement is in place with a local investor as the company is looking to lock in some profits after a strong bull run in the market. He added that the firm is also looking at increasing its ownership in the other roughly dozen names they already own such as Ezz El Dekheila, Alexandria Mineral Oils Company and Sidi Kerir Petrochemicals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according to AMAY. CEO Khaled Badawi said a preliminary agreement is in place with a local investor as the company is looking to lock in some profits after a strong bull run in the market. He […]<\/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-641467","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"eb4c6b55-2b51-43df-ac09-8b3ba0595f93","order":"0","is_powered_by":true,"section_story_id":"ff4b1e6a-c448-4f63-bf87-93b8a2619fd5","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641426],"teaser":"","voice_url":""},"yoast_head":"\nAl Ahli to sell stake in Egyptian Resorts - 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\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Ahli to sell stake in Egyptian Resorts\" \/>\n<meta property=\"og:description\" content=\"Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according to AMAY. CEO Khaled Badawi said a preliminary agreement is in place with a local investor as the company is looking to lock in some profits after a strong bull run in the market. He […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-24T04:10:50+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\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Ahli to sell stake in Egyptian Resorts\",\"datePublished\":\"2017-09-24T04:10:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\"},\"wordCount\":95,\"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\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\",\"name\":\"Al Ahli to sell stake in Egyptian Resorts - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-09-24T04:10:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Al Ahli to sell stake in Egyptian Resorts\"}]},{\"@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 Ahli to sell stake in Egyptian Resorts - 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\/09\/24\/al-ahli-to-sell-stake-in-egyptian-resorts\/","og_locale":"en_US","og_type":"article","og_title":"Al Ahli to sell stake in Egyptian Resorts","og_description":"Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according to AMAY. 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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":568973,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/is-ahli-united-bank-looking-to-sell-its-egypt-unit\/","url_meta":{"origin":641467,"position":2},"title":"Is Ahli United Bank looking to sell its Egypt unit?","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell its Egypt arm after its recent acquisition by Kuwait Finance House (KFH), the local press reported, citing unnamed sources. The Kuwaiti bank is required to obtain a separate Islamic banking\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\/2020\/2\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632748,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/qnb-to-sell-small-stake-in-egyptian-unit-to-comply-with-egx-regs\/","url_meta":{"origin":641467,"position":3},"title":"QNB to sell small stake in Egyptian unit to comply with EGX regs","author":"enterpriseam admin","date":"19 February 2018","format":false,"excerpt":"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\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":575907,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/ifc-confirms-aub-egypt-stake-sale-to-bahraini-parent\/","url_meta":{"origin":641467,"position":4},"title":"IFC confirms AUB Egypt stake sale to Bahraini parent","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"M&A WATCH- The International Finance Corporation has confirmed it has offloaded its 10% stake in Ahli United Bank\u2019s Egypt unit to its Bahraini parent in a press release picked by Al Mal. 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