{"id":645494,"date":"2017-07-20T04:05:42","date_gmt":"2017-07-20T04:05:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding\/"},"modified":"2017-07-20T04:05:42","modified_gmt":"2017-07-20T04:05:42","slug":"mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding\/","title":{"rendered":"Mowasalat Misr acquires two transport companies, in talks with banks for funding"},"content":{"rendered":"

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<\/a>. 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 company will launch operations at the start of September and is planning to bring 500 buses into its fleet to cover the Greater Cairo area within two years at an expected cost of EGP 1 bn. An app for the service will be launched sometime during 3Q2017<\/a>. According to Taha, Mowasalat Misr is eyeing revenues between EGP 800 mn and 1.2 bn in 2019, and is currently in talks with Egyptian and European banks<\/a> and financial institutions for funding. Mowasalat Misr launched WiFi and AC equipped buses in Cairo last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 company will launch operations at […]<\/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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645494","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2255cee0-a306-4e9d-9327-7d9974442ddb","order":"0","is_powered_by":true,"section_story_id":"d0fa5ac4-7ce2-4ecf-8a47-92b8b6ae4e80","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645451],"teaser":"","voice_url":""},"yoast_head":"\nMowasalat Misr acquires two transport companies, in talks with banks for funding - 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\/07\/20\/mowasalat-misr-acquires-two-transport-companies-in-talks-with-banks-for-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mowasalat Misr acquires two transport companies, in talks with banks for funding\" \/>\n<meta property=\"og:description\" content=\"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. 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The ticket price for one trip will not exceed EGP 25, Taha added. Mowasalat Misr will also be launching a\u2026","rel":"","context":"In "Automotive + Transportation"","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":634355,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/14\/mowasalat-plans-to-invest-epg-3-bn-in-egypt-by-2021\/","url_meta":{"origin":645494,"position":1},"title":"Mowasalat plans to invest EPG 3 bn in Egypt by 2021","author":"enterpriseam admin","date":"14 January 2018","format":false,"excerpt":"INVESTMENT WATCH- Private transport company Mowasalat Misr has plans to invest EGP 3 bn in Egypt by 2021, CEO Hisham Taha said on Thursday, Al Mal reports. 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 "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":645369,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/mcv-supplying-mowasalat-misr-with-100-buses\/","url_meta":{"origin":645494,"position":2},"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 "Automotive + Transportation"","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":637939,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/mowasalat-misr-to-invest-egp-1-bn-in-egypt-bus-fleet-expansion-during-2018\/","url_meta":{"origin":645494,"position":3},"title":"Mowasalat Misr to invest EGP 1 bn in Egypt bus fleet expansion during 2018","author":"enterpriseam admin","date":"29 November 2017","format":false,"excerpt":"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\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":555455,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/is-mowasalat-misr-fielding-an-acquisition-offer\/","url_meta":{"origin":645494,"position":4},"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 "M&A WATCH"","block_context":{"text":"M&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":[]},{"id":624760,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/mowasalat-misr-plans-ipo-in-late-2019-or-early-2020\/","url_meta":{"origin":645494,"position":5},"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. 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