{"id":648508,"date":"2017-04-05T04:05:13","date_gmt":"2017-04-05T04:05:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egypt-investment-watch-mm-group-mcdonalds-egypt-parent-company-to-invest-combined-egp-1-65-bn\/"},"modified":"2017-04-05T04:05:13","modified_gmt":"2017-04-05T04:05:13","slug":"egypt-investment-watch-mm-group-mcdonalds-egypt-parent-company-to-invest-combined-egp-1-65-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/egypt-investment-watch-mm-group-mcdonalds-egypt-parent-company-to-invest-combined-egp-1-65-bn\/","title":{"rendered":"Egypt investment watch: MM Group, McDonald\u2019s Egypt parent company to invest combined EGP 1.65 bn"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- MM Group<\/strong>, whose IPO is due to wrap next week as the company\u2019s shares begin trading on the EGX, plans to invest EGP 1 bn over the next 18 months to expand its e-commerce, microfinance and consumer operations, said Chairman Khaled Mahmoud. He expects FY2017 net profits to jump 80% to more than EGP 400 mn from EGP 222 mn last year. He promised that 50% of profits would be returned to investors each year, Reuters<\/a> reports.<\/p>\n

Manfoods, the Egyptian franchisee of fast-food king McDonald\u2019s<\/strong>, is planning to invest EGP 650 mn until 2020 to expand its activities in the country, the company\u2019s general marketing manager Hisham Abdel Wahab said yesterday, Al Shorouk<\/a> reports. The company is targeting sales north of EGP 1 bn this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- MM Group, whose IPO is due to wrap next week as the company\u2019s shares begin trading on the EGX, plans to invest EGP 1 bn over the next 18 months to expand its e-commerce, microfinance and consumer operations, said Chairman Khaled Mahmoud. He expects FY2017 net profits to jump 80% to more than […]<\/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-648508","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3abc8fff-ec65-462d-85c6-abc9ca4a53b3","order":"0","is_powered_by":true,"section_story_id":"819240e0-5c00-4f7e-84a4-b7ab8e88ed53","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648492],"teaser":"","voice_url":""},"yoast_head":"\nEgypt investment watch: MM Group, McDonald\u2019s Egypt parent company to invest combined EGP 1.65 bn - 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\/04\/05\/egypt-investment-watch-mm-group-mcdonalds-egypt-parent-company-to-invest-combined-egp-1-65-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt investment watch: MM Group, McDonald\u2019s Egypt parent company to invest combined EGP 1.65 bn\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- MM Group, whose IPO is due to wrap next week as the company\u2019s shares begin trading on the EGX, plans to invest EGP 1 bn over the next 18 months to expand its e-commerce, microfinance and consumer operations, said Chairman Khaled Mahmoud. 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The Japanese-British firm recently inaugurated a new EGP 1 bn production line at its 6 October\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":599788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/manfoods-to-invest-egp-250-mn-in-egypt-in-2019\/","url_meta":{"origin":648508,"position":2},"title":"Manfoods to invest EGP 250 mn in Egypt in 2019","author":"enterpriseam admin","date":"10 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Manfoods to invest EGP 250 mn in Egypt in 2019: Manfoods, which holds the franchise for McDonald\u2019s, is planning to invest EGP 250 mn in Egypt this year to finance its expansion plans in the country, Manfoods Egypt General Manager Alaa Fathy tells Al Mal. The company is\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":598828,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/esc-looking-to-invest-egp-3-bn-in-egypt-by-2022\/","url_meta":{"origin":648508,"position":3},"title":"ESC looking to invest EGP 3 bn in Egypt by 2022","author":"enterpriseam admin","date":"10 June 2019","format":false,"excerpt":"INVESTMENT WATCH- Maker of Flo bottled water looks to invest EGP 3 bn in Egypt by the end of 2022: The Egyptian-Saudi Company for Natural Water and Food Industries (ESC), the distributors of Flo-branded water, is planning to invest EGP 3 bn in Egypt by the end of 2022, Chairman\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":592842,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/mm-group-net-profits-double-in-the-first-9-months-of-2019-to-egp-357-mn\/","url_meta":{"origin":648508,"position":4},"title":"MM Group net profits double in the first 9 months of 2019 to EGP 357 mn","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"EARNINGS WATCH- MM Group reported a 52.9% y-o-y increase in 9M2019 consolidated net profits to EGP 357 mn, up from EGP 234 mn in the same period last year, the company said in a bourse disclosure (pdf). 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