{"id":650277,"date":"2017-03-20T04:06:56","date_gmt":"2017-03-20T04:06:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/"},"modified":"2017-03-20T04:06:56","modified_gmt":"2017-03-20T04:06:56","slug":"nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/","title":{"rendered":"NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn"},"content":{"rendered":"<p>The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank\u2019s Head of Investments Ayman Yassin,<a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=19032017&id=b6897004-2eaf-483f-8862-b6dd5f9ff58f\">Al Shorouk says<\/a>. The bank is also looking to divest real estate holdings worth up to EGP 4 bn, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank\u2019s Head of Investments Ayman Yassin,Al Shorouk says. The bank is also looking to divest real estate holdings worth up to EGP 4 bn, he said.<\/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-650277","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"bcd74cf8-21fe-427f-9422-f9c7ec66942c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650238],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 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\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP 1.8-2 bn from the transactions, according to the bank\u2019s Head of Investments Ayman Yassin,Al Shorouk says. The bank is also looking to divest real estate holdings worth up to EGP 4 bn, he said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-20T04:06:56+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\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn\",\"datePublished\":\"2017-03-20T04:06:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\"},\"wordCount\":68,\"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\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/nbe-to-sell-stake-in-11-companies-for-egp-1-8-2-bn-land-for-egp-4-bn\/\",\"name\":\"NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn - 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The national flag carrier had been seeking the loan earlier this year as it came under\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":595341,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/","url_meta":{"origin":650277,"position":1},"title":"NBE to arrange joint EGP 1 bn loan for SECON","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON), banking sources told Al Shorouk without naming the other parties involved. The company, formerly known as the Saudi Egyptian Construction Company, will use the loan to fund\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":573235,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-manages-egp-3-5-bn-joint-loan-for-ezz-steel\/","url_meta":{"origin":650277,"position":2},"title":"NBE manages EGP 3.5 bn joint loan for Ezz Steel","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) is managing a EGP 3.5 bn joint loan for the Ezz Steel Group to increase its working capital, Al Shorouk reports, citing unnamed informed sources. NBE, the AAIB, Banque Misr and Banque du Caire are all participating in the loan. The steel company is\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":569555,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/nbe-signs-egp-1-bn-credit-facility-with-fiber-misr\/","url_meta":{"origin":650277,"position":3},"title":"NBE signs EGP 1 bn credit facility with Fiber Misr","author":"enterpriseam admin","date":"27 February 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) has signed a EGP 1 bn credit facility agreement with IT firm Fiber Misr, Masrawy reports. Fiber\u2019s VP, Hassan El Sokkary, said the loan will help fund a number of projects it has been recently awarded but did not provide specifics.","rel":"","context":"In &quot;Banking + Finance&quot;","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":599859,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","url_meta":{"origin":650277,"position":4},"title":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.","rel":"","context":"In &quot;Banking + Finance&quot;","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":593882,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/saudi-egyptian-construction-co-signs-egp-1-bn-loan-agreement-with-nbe\/","url_meta":{"origin":650277,"position":5},"title":"Saudi Egyptian Construction Co signs EGP 1 bn loan agreement with NBE","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) has signed a EGP 1 bn loan agreement with the National Bank of Egypt (NBE) to finance works at its SECON Nile Towers project, Secon CEO Mohamed Al Taher said. 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