{"id":652746,"date":"2017-01-18T04:06:32","date_gmt":"2017-01-18T04:06:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/"},"modified":"2017-01-18T04:06:32","modified_gmt":"2017-01-18T04:06:32","slug":"pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/","title":{"rendered":"Pharos to manage GTH\u2019s share buyback, Ibrachy & Partners to advise"},"content":{"rendered":"

<\/a> Global Telecom Holding (GTH) has picked Pharos Holding to manage its share buyback and the scrapping of its GDR program<\/strong>, according to Al Mal<\/a>. Ibrachy & Partners<\/a> will act as legal advisor for the transaction. GTH had announced<\/a> a fixed-price buyback program to acquire up to 10% of the total issued share capital of the company at a price per share of EGP 7.90 and for a total consideration of up to EGP 4.1 bn. The move, according to GTH board member Hassan Abdel Hamid, is aimed at avoiding the large costs associated with being listed in two different stock exchanges and to focus operations on the EGX.<\/p>\n","protected":false},"excerpt":{"rendered":"

Global Telecom Holding (GTH) has picked Pharos Holding to manage its share buyback and the scrapping of its GDR program, according to Al Mal. Ibrachy & Partners will act as legal advisor for the transaction. GTH had announced a fixed-price buyback program to acquire up to 10% of the total issued share capital of the […]<\/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-652746","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ca3cdbda-b4f8-46f5-82f8-159061aebc01","order":"0","is_powered_by":true,"section_story_id":"4ee7065a-7f99-46f7-aa7e-e45efb1f30b2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652738],"teaser":"","voice_url":""},"yoast_head":"\nPharos to manage GTH\u2019s share buyback, Ibrachy & Partners to advise - 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\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharos to manage GTH\u2019s share buyback, Ibrachy & Partners to advise\" \/>\n<meta property=\"og:description\" content=\"Global Telecom Holding (GTH) has picked Pharos Holding to manage its share buyback and the scrapping of its GDR program, according to Al Mal. 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GTH had announced a fixed-price buyback program to acquire up to 10% of the total issued share capital of the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-18T04:06:32+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\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pharos to manage GTH\u2019s share buyback, Ibrachy & Partners to advise\",\"datePublished\":\"2017-01-18T04:06:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\"},\"wordCount\":115,\"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\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/pharos-to-manage-gths-share-buyback-ibrachy-partners-to-advise\/\",\"name\":\"Pharos to manage GTH\u2019s share buyback, Ibrachy & Partners to advise - 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