{"id":660025,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/logic-holding-snaps-majority-stake-in-nexel\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"logic-holding-snaps-majority-stake-in-nexel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/logic-holding-snaps-majority-stake-in-nexel\/","title":{"rendered":"Logic Holding snaps majority stake in Nexel"},"content":{"rendered":"<p class=\"tag-border-left\">M&amp;A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Logic Holding nabs majority stake in Dubai\u2019s Nexel: <\/strong>Homegrown management consulting group <a target=\"_blank\" href=\"https:\/\/logic-consulting.com\/\" style=\"\" rel=\"noopener\">Logic Holding<\/a> acquired a majority stake in Dubai-headquartered consulting firm <a target=\"_blank\" href=\"https:\/\/nexelpartners.com\/\" style=\"\" rel=\"noopener\">Nexel Partners<\/a> for an undisclosed sum, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/329.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. While the exact size of Logic\u2019s ownership in Nexel was not disclosed, the acquisition plays right into the company\u2019s growth plans across key markets in the region. Nexel also has offices in Cairo and Riyadh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eyeing Saudi + GCC growth: <\/strong>\u201cLogic will prioritize expanding its Saudi Arabian footprint, capitalizing on the Kingdom\u2019s rapid digitalization, before scaling across the Gulf. This targeted approach ensures the firm meets escalating demand while delivering integrated, future-ready solutions,\u201d the release read. <\/p>\n<p class=\"tag-border-left\">BANKING- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Changes<\/strong><strong> to the CBE\u2019s mortgage finance initiative: <\/strong>The Central Bank of Egypt has adjusted its mortgage finance initiative for low and middle income groups, its changing income brackets, interest rates, and minimum downpayments, according to&nbsp;a circular from the CBE sent to commercial banks seen by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The low income category, with a monthly net income not exceeding EGP 10-12k for individuals and EGP 13-15k for households, will be able to get their hands on subsidized mortgage financing at a declining 7.5-8% interest rate. The middle income category, with a monthly income not exceeding EGP 20k for individuals and EGP 25k for households, can secure financing at a declining 12% interest rate. The minimum down payment for accessing the financing has been set at 20% for both groups. <\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When can we expect the Dekheila dry bulk terminal to go online? <\/strong>The local consortium setting up the 300k square meter dry bulk terminal in Dekheila Port is expected to deliver it in 4Q 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%84%D8%A7%D8%AA-%D9%84%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D8%A9-%D9%8A%D8%B6%D8%AE-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87-%D9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports citing comments from the director of consortium member Latt Trading Abdelrahman Laheta. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As things stand: <\/strong>The consortium is currently setting up the terminal's EGP 3 bn superstructure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>A consortium of four local private and state-owned firms \u2014 Mediterraneo Egypt, Latt Trading and Shipping, an Elsewedy company, and the Transport Ministry\u2019s Holding Company for Maritime and Land Transport \u2014 last September <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/840d3b91-4dd1-4a24-b28d-8e2ec95316c3\/local-consortium-to-build-usd-450-mn%253cmark%253e-dekheila%253c%2Fmark%253e-dry-bulk-terminal\" style=\"\" rel=\"noopener\">inked an agreement<\/a> to invest USD 450 mn to build, manage, and operate the terminal. <\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"background-color: transparent;\"><b>M squared<\/b><\/span><strong>&nbsp;launches EG<\/strong><strong>P 6.5 bn proje<\/strong><strong>ct in West Cairo:<\/strong> Intro Holding's real estate arm M squared launched a EGP 6.5 bn residential project in West Cairo \u2014 dubbed 31West, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/327.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The developer plans to start delivering units in the 31-feddan project in 6th of October within three years. The real estate developer plans to launch two new residential projects this year \u2014 it owns plots in New Cairo and the North Coast, company representatives told EnterpriseAM. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition plays right into Logic\u2019s growth plans across key markets in the region<\/p>\n","protected":false},"author":1,"featured_media":660026,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,271,72,7128,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-central-bank-of-egypt","tag-enterpriseam","tag-ma-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"e7db46ad-5e34-497e-a2ea-72711ff1915a","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/378.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Logic Holding snaps majority stake in Nexel","related_issue":[660002],"teaser":"The acquisition plays right into Logic\u2019s growth plans across key markets in the region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.76130f31-79f0-49d1-9741-6c84c392cf35.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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