{"id":648649,"date":"2017-04-09T04:01:23","date_gmt":"2017-04-09T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/sabbour-group-mulls-al-ahly-real-estate-ipo-by-mid-2017-to-finance-expansion-plans\/"},"modified":"2017-04-09T04:01:23","modified_gmt":"2017-04-09T04:01:23","slug":"sabbour-group-mulls-al-ahly-real-estate-ipo-by-mid-2017-to-finance-expansion-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/sabbour-group-mulls-al-ahly-real-estate-ipo-by-mid-2017-to-finance-expansion-plans\/","title":{"rendered":"Sabbour Group mulls Al Ahly Real Estate IPO by mid-2017 to finance expansion plans"},"content":{"rendered":"

The Sabbour Group is contemplating the IPO of subsidiary Al Ahly for <\/strong>Real Estate Development<\/strong> by mid-2017, Managing Director Ahmed Sabbour told Al Borsa<\/a> yesterday. Al Ahly \u2014 a joint venture between Sabbour Consulting and the National Bank of Egypt \u2014 is looking to finance expansion plans through the offering. The company plans to invest some EGP 4 bn in new and ongoing projects, Sabbour added<\/a>. While he noted that the company was in talks with potential advisors on the transaction, no firm has yet been appointed global coordinator or bookrunner for the offering.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Sabbour Group is contemplating the IPO of subsidiary Al Ahly for Real Estate Development by mid-2017, Managing Director Ahmed Sabbour told Al Borsa yesterday. Al Ahly \u2014 a joint venture between Sabbour Consulting and the National Bank of Egypt \u2014 is looking to finance expansion plans through the offering. The company plans to invest […]<\/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-648649","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dd4b997b-156c-4a58-9e29-5bb38cc55d31","order":"0","is_powered_by":true,"section_story_id":"c46d8561-a027-4f8b-98b9-bf5be6aa2f26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648638],"teaser":"","voice_url":""},"yoast_head":"\nSabbour Group mulls Al Ahly Real Estate IPO by mid-2017 to finance expansion plans - 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\/09\/sabbour-group-mulls-al-ahly-real-estate-ipo-by-mid-2017-to-finance-expansion-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sabbour Group mulls Al Ahly Real Estate IPO by mid-2017 to finance expansion plans\" \/>\n<meta property=\"og:description\" content=\"The Sabbour Group is contemplating the IPO of subsidiary Al Ahly for Real Estate Development by mid-2017, Managing Director Ahmed Sabbour told Al Borsa yesterday. Al Ahly \u2014 a joint venture between Sabbour Consulting and the National Bank of Egypt \u2014 is looking to finance expansion plans through the offering. 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