{"id":649712,"date":"2017-03-07T04:38:03","date_gmt":"2017-03-07T04:38:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/"},"modified":"2017-03-07T04:38:03","modified_gmt":"2017-03-07T04:38:03","slug":"al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/","title":{"rendered":"Al Rashed did not exit Egypt, restructures holdings under subsidiary"},"content":{"rendered":"

Saudi conglomerate <\/strong>Al Rashed<\/strong><\/a> did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday<\/strong>. The company just restructured its EGP 6.1 bn in holdings in 13 Egyptian companies to be under its subsidiary RIMCO EGT, as Director Karim Radwan explained to Al Borsa<\/a>. Radwan says the Al Rashed plans to increase its investments in Egypt. RIMCO EGT took over Al Rashed\u2019s holdings in companies including CIB, Juhayna, SODIC, Talaat Moustafa Group and EFG Hermes, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi conglomerate Al Rashed did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday. The company just restructured its EGP 6.1 bn in holdings in 13 Egyptian companies to be under its subsidiary RIMCO EGT, as Director Karim Radwan explained to Al Borsa. Radwan says the Al Rashed plans […]<\/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-649712","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cfb520b5-db9a-4831-844a-b0442216bfc6","order":"0","is_powered_by":true,"section_story_id":"6e2673fa-e2b4-4b7c-88a8-6e139d5cd4f8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649701],"teaser":"","voice_url":""},"yoast_head":"\nAl Rashed did not exit Egypt, restructures holdings under subsidiary - 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\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Rashed did not exit Egypt, restructures holdings under subsidiary\" \/>\n<meta property=\"og:description\" content=\"Saudi conglomerate Al Rashed did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday. The company just restructured its EGP 6.1 bn in holdings in 13 Egyptian companies to be under its subsidiary RIMCO EGT, as Director Karim Radwan explained to Al Borsa. Radwan says the Al Rashed plans […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-07T04:38:03+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\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Rashed did not exit Egypt, restructures holdings under subsidiary\",\"datePublished\":\"2017-03-07T04:38:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\"},\"wordCount\":91,\"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\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/al-rashed-did-not-exit-egypt-restructures-holdings-under-subsidiary\/\",\"name\":\"Al Rashed did not exit Egypt, restructures holdings under subsidiary - 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