{"id":650416,"date":"2017-03-23T04:12:44","date_gmt":"2017-03-23T04:12:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/"},"modified":"2017-03-23T04:12:44","modified_gmt":"2017-03-23T04:12:44","slug":"amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/","title":{"rendered":"AMOC taps Bank of New York as advisor on GDR issuance"},"content":{"rendered":"

<\/a> The Board of state-owned Alexandria Mineral Oils Company (AMOC) has reportedly <\/strong>decided to tap BNY Mellon to run its GDR program <\/strong>and expects to ink an agreement with the bank next week, Al Shorouk<\/a> reports, citing an unnamed source at AMOC. The company is reportedly speaking with Baker McKenzie about serving as legal counsel on the issuance, which could come at the beginning of next year. AMOC\u2019s board approved last month<\/a> converting 10% of the company\u2019s shares into GDRs as part of a secondary offering of 10-20% of its shares it announced in January<\/a>. AMOC\u2019s chairman Amr Moustafa believes<\/a> his company will be the first energy company in Egypt to list more shares as part of the state IPO program.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Board of state-owned Alexandria Mineral Oils Company (AMOC) has reportedly decided to tap BNY Mellon to run its GDR program and expects to ink an agreement with the bank next week, Al Shorouk reports, citing an unnamed source at AMOC. The company is reportedly speaking with Baker McKenzie about serving as legal counsel on […]<\/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-650416","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"18f62532-16cd-432e-bd47-f0adc9ae74bf","order":"0","is_powered_by":true,"section_story_id":"12f1b14c-7bd6-4aea-9efe-cf2b704bfc07","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650409],"teaser":"","voice_url":""},"yoast_head":"\nAMOC taps Bank of New York as advisor on GDR issuance - 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\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMOC taps Bank of New York as advisor on GDR issuance\" \/>\n<meta property=\"og:description\" content=\"The Board of state-owned Alexandria Mineral Oils Company (AMOC) has reportedly decided to tap BNY Mellon to run its GDR program and expects to ink an agreement with the bank next week, Al Shorouk reports, citing an unnamed source at AMOC. The company is reportedly speaking with Baker McKenzie about serving as legal counsel on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-23T04:12:44+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AMOC taps Bank of New York as advisor on GDR issuance\",\"datePublished\":\"2017-03-23T04:12:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\"},\"wordCount\":133,\"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\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/23\/amoc-taps-bank-of-new-york-as-advisor-on-gdr-issuance\/\",\"name\":\"AMOC taps Bank of New York as advisor on GDR issuance - 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Al Ahly Capital\u2026","rel":"","context":"In "Banking + Finance"","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":652944,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/23\/amoc-to-offer-additional-10-20-of-its-shares-on-the-market-in-2017-chairman\/","url_meta":{"origin":650416,"position":1},"title":"AMOC to offer additional 10-20% of its shares on the market in 2017 -Chairman","author":"enterpriseam admin","date":"23 January 2017","format":false,"excerpt":"The Alexandria Minerals and Oils Co. (AMOC) could be offering an additional 10-20% of its shares in its IPO this year, Chairman Amr Moustafa tells CNBC ( runtime 26:27) in an interview last Thursday. The government has yet to notify the company or its board of its timetable for 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":624174,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/02\/efg-to-submit-offer-for-managing-eastern-co-amoc-stake-sales-today\/","url_meta":{"origin":650416,"position":2},"title":"EFG to submit offer for managing Eastern Co, AMOC stake sales today","author":"enterpriseam admin","date":"2 September 2018","format":false,"excerpt":"EFG bidding today for Eastern Co, AMOC stake sales today: EFG Hermes will reportedly submit today its bid to manage the sale of stakes of already-listed companies that are piloting the state\u2019s privatization program, EFG\u2019s Investment Banking Co-Head Moustafa Gad tells Youm7.Background: EFG is among other several investment banks invited\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":637193,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/al-ahly-to-convert-50-of-their-amoc-stake-to-gdrs\/","url_meta":{"origin":650416,"position":3},"title":"Al Ahly to convert 50% of their AMOC stake to GDRs","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"Al Ahly Capital is planning on converting 50% of their stake in Alexandria Mineral Oils Company (AMOC) into GDRs, according to Al Borsa. Al Ahly owns 25.3% of AMOC. Reports of the size of the stake Al Ahly are converting to GDRs have varied in the last few months. AMOC\u2026","rel":"","context":"In "Banking + Finance"","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":600364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/amoc-earnings-tank-in-2q2018-19\/","url_meta":{"origin":650416,"position":4},"title":"AMOC earnings tank in 2Q2018-19","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"EARNINGS WATCH- AMOC earnings tank in 2Q2018-19: Alexandria Mineral Oils Company\u2019s (AMOC) net profits fell 93% y-o-y to EGP 25 mn during 2Q2018-19, making it the company\u2019s worst quarter in a decade, according to Shuaa Securities (pdf), which noted that the state company\u2019s profits fell 90% below expectation. Company revenues\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":624475,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/hsbc-wins-mandate-for-amoc-stake-sale\/","url_meta":{"origin":650416,"position":5},"title":"HSBC wins mandate for AMOC stake sale","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"**#1 EXCLUSIVE- HSBC has won the mandate to lead the sell-down of the state\u2019s stake in the Alexandria Mineral Oils Co. (AMOC), an insider close to the transaction tells us. AMOC is in line to sell shares representing as much as 30% of the company\u2019s equity on the EGX this\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=650416"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/650416\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/650409"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=650416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=650416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=650416"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=650416"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=650416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}